093 510 Syllabus - GSBA 510 ACCOUNTING CONCEPTS AND...

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GSBA 510: ACCOUNTING CONCEPTS AND FINANCIAL REPORTING Fall 2009 Professor Ruben Davila Sections Day Time Session Period Final Exam OCC 1 –15599D TTh 6:00 - 7:40 pm 865 8/24 - 11/5 M 11/2, 6 – 9 pm OCC2 - 15600D TTh 8:00 - 9:40 pm 865 8/24 - 11/5 M 11/2, 6 – 9 pm Office : ACC 108 Office Phone : (213) 740-5005 OCC Office Hours: T/Th 5:00 -5:50 pm.; LA Office Hours: T/Th: 11:30 - 12:15 pm and MW 2:00 – 3:00 p.m.; Also by apptmt. Email: [email protected] Fax: OCC Fax (949) 437-0028 Mailbox #31 [lobby of ACC Building] EMERGENCY INFORMATION : USC Emergencies (213) 740-4321 USC Information Line (213) 740-2311 USC Emergency Info Line (213) 740-9233 Tune to KUSC Radio - 91.5FM REQUIRED TEXTS: Easton, Wild, Halsey & McAnally, Financial Accounting for MBAs , 4 th Edition, CB Publishers IMPORTANT DATES: Exam #1 Thursday, October 1 st Exam #2 [Final] Monday, November 2 nd . Presentations Tuesday, November 3 rd , Wednesday, November 4 th PREREQUISITES/COREQUISITES Prerequisites: None. Corequisites: None COURSE OBJECTIVES Accounting has often been called "the language of business." This course should help you begin to understand and communicate in this language from both a preparers and a users perspective. Specifically, GSBA 510 should provide: 1. An understanding of the objectives of financial accounting together with its basic underlying assumptions, concepts, and principles and how they apply to a wide variety of business transactions. 2. A basic understanding of the accounting cycle and how business transactions and events are captured in the accounting records and are presented in financial statements. This includes developing a strong conceptual understanding of generally accepted accounting principles (U.S. GAAP) and the methods used to apply them to a variety of business situations. The course will focus on U.S. GAAP, International Financial Reporting Standards will be incorporated. 3. Coverage of financial accounting practices in specific areas including: revenue recognition, expense recognition, financial statement preparation and issues associated with accounting for receivables, inventory, fixed assets, debt, equity and cash flows. This coverage will include alternative accounting methods and their implications along with valuation and reporting issues.
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4. An understanding of the implications and limitations of financial accounting information and how to use this as a basis for analysis and interpretation of financial statement information. This includes developing an appreciation for the critical role that accounting plays in business and how investors, creditors, and management use accounting information to make decisions and evaluate organizations. 5. Become aware of the importance of ethics and values, communications skills and interpersonal skills in dealing with accounting issues and begin to develop skills in these areas.
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