Lec19 - Course summary 15.511 Corporate Accounting Summer 2004 Professor SP Kothari Sloan School of Management Massachusetts Institute of

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1 Course summary 15.511 Corporate Accounting Summer 2004 Professor SP Kothari Sloan School of Management Massachusetts Institute of Technology July 12, 2004
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2 Course summary ± Accounting – Mapping of actions and events into financial statements ± (Economic) Principles governing the accounting mapping: Objectivity, conservatism, revenue recognition, and matching ± But the mapping is incomplete and asymmetric (for good reasons, of course) ± Hence, firms supplement financial information with disclosures in ± ± Footnotes ± Management forecasts ± Q&A at conference calls
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3 Where do we go from each topic from the course? ± Financial statements and basic bookkeeping ± Bookkeeping: Necessary evil! ± Ability to interpret financial statement information is essential for decision making ± Balance sheet ± What are the assets and liabilities when buying another firm? ± Tangible, intangible, on- and off-balance sheet ± What is the investment being made in a project, department, firm, or a target? What appears on paper is just a starting point.
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This note was uploaded on 04/05/2010 for the course FINANCE AN FRE6003 taught by Professor Marshall,ingridm during the Spring '09 term at NYU Poly.

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Lec19 - Course summary 15.511 Corporate Accounting Summer 2004 Professor SP Kothari Sloan School of Management Massachusetts Institute of

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