Mgmt 200 Syllabus – Li Yao – Maymester 2011 – Page 1
MGMT 20000 – Introductory Financial Accounting
Course Syllabus – Maymester 2011
Krannert School of Management
1:00 – 3:10 pm,
Mon/Wed, 3:30 – 5:00 pm, KRAN 434.
I am also available at other times by appointment.
I encourage you to contact me via email for issues regarding MGMT 200.
use “MGMT 200” as the subject. My cell phone is for urgent issues only.
Accounting is often described as the language of business, but is much more than
that: It is the language of all economic activity; business, not-for-profit, government and
personal activity. Accounting involves the measurement, recording and communication
of economic information to facilitate the making of economic decisions by users of the
information. As you increase your understanding of accounting, you will gain a better
understanding of the activities, strategies and potential of any organization. Accountants
are very much in demand and there are excellent career opportunities for graduates of
accounting. Increasing your understanding of accounting will enhance your opportunities
in all business disciplines including finance, marketing, management, strategy and
entrepreneurship. It will also enhance your opportunities in whatever major you choose:
engineering, agriculture, pharmacy, liberal arts, law, medicine, or even managing a
When many people hear the word accounting they think of taxes and taxes is one
of the branches of accounting. The other branches include: financial accounting,
managerial accounting, auditing, government and not-for-profit accounting, international
accounting, forensic accounting, consulting and financial statement analysis. While many
of these topics are covered in other accounting classes offered at Purdue, management
200 is focused on financial accounting by public corporations: the preparing and issuing
of financial statements by business entities that raise financing from the general public.
We are only able to scratch the surface of the complexities inherent in the
financial reporting process, but we will look at the recording and processing of business
transactions, the structure and preparation of the primary financial statements, and some
of the accounting issues surrounding components of the financial statements. The primary