The course will be organized as four modules:
Module 1: Introduction, Accrual accounting, Balance Sheet/Income Statement, Allowance Accounting, and Revenue Recognition
Module 2: Inventory/COGS, Depreciation/Property, Plant, and Equipment, Statement of Cash Flows, Introduction to financial statement analysis
Module 3: Marketable Securities, Accounting for Banks, Intangible Assets, and Acquisitions
Module 4: Income Taxes, Long-Term Debt, Leases, Shareholders’ Equity, Ethics, and Conclusion
We will use base the course on courses we and our MIT colleagues have taught in previous years to MIT graduate students.