day%201%20gong%202010%20fall%20v3

day%201%20gong%202010%20fall%20v3 - ACCY301...

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Click to edit Master subtitle style ACCY 301 Measurement and Disclosure Dr. James Gong
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Agenda n Course introduction – 15 min n Student introductions (1/2 of class) – 20 min n Syllabus details – 15 min n Student introductions (1/2 of class) – 20 min n Video time – 20 min
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Course Introduction  n What is accounting? 
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Course Introduction  n What is accounting? n Accounting is a business language to tell  business stories n Who did what (and how much) when? n How and why? 
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Accounting for Hurd’s $20,000  Expense 
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Accounting for Hurd’s $20,000  Expense  n H-P said Friday (August 6) that Mr. Hurd, 53 years old,  submitted inaccurate expense reports that were intended  to conceal what the company said was a "close personal  relationship" . ..
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Course Introduction  n Why accounting? 
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Course Introduction  n Why accounting?  n According to financial theory, firm valuation  depends solely upon cash flow. n Why do we need accrual accounting and  reporting for accounts receivable, inventory,  accounts payable, etc?
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Course Introduction  n Why accounting?  n Useful information beyond cash flows
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Past Information  Cash flow in year 2009 Cash flow in year 2008 0.73 Earnings before depreciation in year  2008 0.69 0.66 Change in AR in year 2008 0.40 Change in inventory in year 2008 0.10 Change in AP in year 2008
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day%201%20gong%202010%20fall%20v3 - ACCY301...

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