Session 5 - Actg 500: Intro to Financial Accounting Meeting...

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Actg 500: Intro to Financial Accounting Meeting #5: Review Cash Flows then Accruals (especially cases!) Professor Ryan Casey College of Business Administration University of Illinois at Chicago
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Summary of Meeting #4 Lecture Review of Cash flows Accrual and other cases Accruals (AT Cross and UAL freq flyer) Accounting for A/R (CitiCorp) Expense vs capitalization (PWA)
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Outline of Meeting 5 Lecture Finish accrual cases, then Revenue Recognition Basics Applications of Rev Recog Cases from lectures (Sealand, S&H, Thousand Trails) F/S cases (S&H & MyPoints.com, SCI, Priceline, as time permits)
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Questions about wealth creation How do you measure revenue in your businesses? What are key costs needed to be incurred to generate these revenues? Some Examples: Financial Services: Banking, Insurance, … Other Services: Consulting/Legal, Health Care, … Commercial/Industrial: Airlines, Pharmaceutical, Engineering, … Not for Profit ( Makes Losses/Deficits): Universities, …
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Revenue Recognition Criteria
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Session 5 - Actg 500: Intro to Financial Accounting Meeting...

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