Financial accounting



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Session 8: Exam 1

Location

Time


  • Regular class time

Points towards grade


  • 15 points — 15% of the total possible points used to determine the course grade.

Exam Format


Prior to each exam, we will distribute an exam announcement to clarify expectations and help you successfully prepare for the exam. All exams are comprehensive and may include exercises and practice problems not discussed in class.

You may use a basic calculator during the exams. However, your calculator must not contain course related information. Additionally, your calculator must not be capable of storing “text” or communicating with others (no cell phones or other text messaging devices are permitted).



  • Exams are closed book and closed notes.

  • Generally partial credit will be limited, so check your answers carefully.

  • To protect the vast majority of students who will not cheat on the exam, there will be alternative versions of the exam that are the same in all respects except the questions contain some numbers that differ or are arranged differently.

  • Regardless of one’s intent, staring at classmates’ exams is inappropriate. If you wish to take a break from staring at your exam, stare directly ahead or to either side without looking down.

  • More generally, you are to honor the Carroll School’s Core Values in all respects.


Session 9: Group assignment 2

Watch


"How Do I Use the Numbers: Analyzing Financial Performance: Basics?" video

http://www.navigatingaccounting.com/book/income-statements#hun_afp



Additional guidance: As you work your way through the assignment, you might find it useful to watch menu items (related to topics you are working on) in the scenic route videos for the “What Do I See?” modules. To this end, you can use the descriptions below the scenic routes in the Chapter Map to locate appropriate scenic routes.

Do


Industry Comparisons Exercises: Series 03

Exercise 2: Analyzing Income Statements

http://www.navigatingaccounting.com/exercise/industry-comparisons-exercises-series-03#exercise-2-income-statements-and-return-on-assets-anchor

Additional guidance: This link takes you to the Industry Comparisons Exercises: Series 03 web page. Scroll down the page and click on Exercise 2: Analyzing income statements.

This assignment is allocated 100 of the 800 group assignment points used to determine your course score. We will notify you about the way the 100 points are allocated to the questions in the assignment within one week of the due date.

The group assignment must be completed following the submission process, deadline, guidance, and policies detailed in Session 4. The only difference here is the submission date: Register your group and submit your solutions via email to wilsongp@bc.edu before 5:00 AM on the assignment due date.

Session 10: Group assignment 3

Watch


"How Do I Use the Numbers: Analyzing Financial Performance: Basics?" video

http://www.navigatingaccounting.com/book/income-statements#hun_afp



Additional guidance: As you work your way through the assignment, you might find it useful to watch menu items (related to topics you are working on) in the scenic route videos for the “What Do I See?” modules. To this end, you can use the descriptions below the scenic routes in the Chapter Map to locate appropriate scenic routes.

Do


Industry Comparisons Exercises: Series 03

Exercise 3: Financial Reporting Environment

http://www.navigatingaccounting.com/exercise/industry-comparisons-exercises-series-03#exercise-3-financial-reporting-environment-anchor

Additional guidance: This link takes you to the Industry Comparisons Exercises: Series 03 web page. Scroll down the page and click on Exercise 3: Financial Reporting Environment.

This assignment is allocated 100 of the 800 group assignment points used to determine your course score. We will notify you about the way the 100 points are allocated to the questions in the assignment within one week of the due date.

We will notify you about additional instructions on locating conference call transcripts, analyst reports, and archived media reports using the library’s online research databases.

The group assignment must be completed following the submission process, deadline, guidance, and policies detailed in Session 4. The only difference here is the submission date: Register your group and submit your solutions via email to wilsongp@bc.edu before 5:00 AM on the assignment due date.


Session 11: Cash flow statements

Read


All reading assignments and exercises for this session are from Chapter 3 of Navigating Accounting. You will find a hard copy in the Session 11 section of Course Packet and a PDF at the following URL:

http://www.navigatingaccounting.com/sites/default/files/Course/Chapter_03_SCF.pdf



  • Skim: page 3.

  • Grasp: pages 4-6.

Do


  • Practice problem

Exercise 3.01, page 7.

Read


  • Grasp: pages 8-15.

  • Master: pages 16-31.

Additional guidance: Don't be concerned if you find this reading challenging. This said, it is essential that you try to master the EasyLearn example therein the best you can before coming to class. If you do so, there is a good chance you will make significant progress towards understanding indirect cash flow statements by the end of class. If not, you will likely be quite frustrated by the end of class.

Do


  • Assigned problem

Exercise 3.02, page 32

Class discussion will focus mostly on the EasyLearn example in the assigned reading. However, we will try to save time for Exercise 3.02.


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