ACTG 2011 Week 1 Lecture Notes

ACTG 2011 Week 1 Lecture Notes - Introduction to Financial...

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Introduction to Financial Accounting 2011 Week 1 Beppino Pasquali
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Agenda Introductions Myself Course Review course outline What about YOU? Review Financial Statements Review Case Writing
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Background Chartered Accountant - CA CA Practice in Richmond Hill Professional Development and Education Consultant- Schulich Executive Learning Center Kellogg Schulich EMBA Program (Canada) and Kellogg Recanati EMBA Program (Israel)
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Accounting 2011 Accounting 2011 (Continuation of ACTG 2010) an introduction to financial accounting and reporting provides a solid foundation for understanding financial statements and annual reports understand what accounting can do for decision makers why accounting works the way it does what its strengths and limitations are why there are controversies over accounting methods and ethical issues.
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Financial accounting and reporting is concerned with providing financial information to various users.
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Course Objectives Per Outline 1. A foundational understanding of the accounting processes that underlie financial statements. 2. Be familiar with the standard forms of accounting reports, and able to interpret them critically. 3. Understand the needs of different users of accounting reports, and to choose and evaluate the financial information appropriate to these users. 4. Be able to select appropriate accounting information from financial statements, and use it effectively for decision making.
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Course Objectives Per Outline 5. Have developed a critical understanding of the many roles of financial accounting information in organizations and society. 6. Have developed your critical thinking and problem-solving skills. 7. Have developed an appreciation of implications of course material for your future roles in the working world.
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Key Points Organization of the course Assigned reading Evaluation * see next slide Course ground rules Labs Course Materials Database (CMD)
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Evaluation 4 Lyryx assignments Individual 2 Case hand-in assignments Individual or in Groups of 2 Quiz – Week 2 Midterm Final
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