Financial Accounting Course

Financial Accounting
Course Description
This six-week summer course teaches basic concepts of corporate financial accounting and reporting. This information is widely used in making investment decisions, corporate and managerial performance assessment, and valuation of firms. Students perform economics-based analysis of accounting information from the viewpoint of the users of accounting information (especially senior managers) rather than the preparer (the accountant). This course is restricted to MIT Sloan Fellows in Innovation and Global Leadership.
Lecture Notes
Overview and Introduction to Financial Statements (PDF)Administrative Matters, Discussion of Accounting Framework
The Balance Sheet (PDF)
The Income Statement and Principles of Accrual Accounting (PDF)
The Accrual Accounting Process of Preparing Financial Statements (PDF)
The Accrual Accounting Process of Preparing Financial Statements (cont.) (PDF)
The Accounting Process
Statement of Cash Flows (PDF)
Statement of Cash Flows (cont.)
Financial Statement Analysis (PDF)
Receivables and Revenue Recognition (PDF)
Receivables and Revenue Recognition (cont.) (PDF)
Inventories (PDF)
Long-lived Assets (PDF)
Matching Principle for PP&E (PDF)
Current Liabilities and Contingencies (PDF)
Time Value of Money (PDF)Long-term Debt (PDF)
Long-term Debt and Leases (PDF)
Deferred Taxes (PDF)Marketable Securities (PDF)
Investments, and Business Combinations (PDF)
Business Combinations and Course Review (PDF)