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SYLLABUS - "Accounting," according to management philosopher Peter Drucker, "has become the most intellectually challenging area in the field of management, and the most turbulent one." Drucker believes this rebirth of accounting is taking place because accounting is the primary discipline attempting to answer questions "few executives yet know how to ask: What information do I need to do my job? When do I need it? From whom should I be getting it?" Drucker believes accounting is being shaken to its roots by reform movements aimed at moving it away from being merely financial (dealing with assets, liabilities, and cash flows) and toward being operational. The purpose of this course is to help you learn how to ask and answer the questions posed by Drucker, as well as other questions requiring the analysis of financial information. The ultimate goal of the course is to help you succeed in your chosen career--be it accounting, actuarial science, agriculture, business administration, financial management, engineering, hospital administration, marketing, retail management, or any other field. This course in FINANCIAL ACCOUNTING is designed to prepare users to succeed as future business managers. by emphasizing the business context of accounting, the interaction between accounting and business, and financial statement analysis. This text demonstrates how financial statements are useful and interesting tools for diagnosing a company's problems or strengths, and for making loan, investment, acquisition, employment and political decisions. Using actual financial statements the authors leverage students' everyday consumer experiences to link accounting terminology and practice with actual events that they already understand. Lastly, Journal Entries and the Accounting Cycle are de-emphasized – they're not covered until chapter 7 and after that they are only used sparingly
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How to Study for this Course ------------------------------------ Thoroughly read the assigned chapters before it is covered in class. As you read the material be sure to study the examples and illustrations in the text carefully. Work the assigned analysis problems before they are reviewed in class. The analysis assignments are an integral part of this course, not just extra work
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HOMEWORK ASSIGNMENTS
You are MBA students You are expected to prepare the assignments but I will not collect them. We will review the assignments in class. It will therefore be to your benefit to have done the assigned work before it is reviewed.
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