Readings

Course Textbook

‘Accounting Principles : A Business Perspective’ by Robert H. Hermanson, James Don Edwards, & Michael W. Maher

  1. Section 1 : What is Accounting?

    1. Robert Lezner “Bernie Madoff’s $50 Billion Ponzi Scheme
    2. Daniel Hood : “Monsanto Whistleblower Gets $22.44 Million from SEC”
    3. Read Chapter 1 : “Accounting Principles: A Business Perspective”
    4. Watch : https://www.youtube.com/watch?v=bjwi4Zp2IiE
  2. Section 2 : The Recording Process

    1. Scott Patterson & Aaron Lucchetti: “Inside the Hunt for MF Global Cash”
    2. Read Chapter 2 : “Accounting Principles: A Business Perspective”
    3. Watch : “Debits & Credits”
  3. Section 3 : Accrual Accounting & Adjustments

    1. Dena Aubin : “Analysis: Groupon Accounting Problems Put Spotlight on Board”
    2. Read Chapter 3 : “Accounting Principles: A Business Perspective”
    3. Watch : Cash Versus Accrual Accounting
    4. Section 4 : Completing the Accounting Cycle

    1. Larry Carter : Cisco’s Virtual Close
    2. Read Chapter 4 : “Accounting Principles: A Business Perspective”
    3. Watch : Liquidity Vs. Solvency
  4. Section 5: Merchandising Operations

    1. Erika Morphy : “Green Accounting: A Greener Bottom Line”
    2. Read Chapter 6 : “Accounting Principles: A Business Perspective”
    3. Watch: Merchandising Operations: Operating Cycle, Inventory, Purchase Discounts
    4. Section 6 : Inventory

      1.  Michael Cohn: “Crazy Eddie’s Cousin Sam Sees Greater Potential for Fraud
      2. Read Chapter 7: “Accounting Principles: A Business Perspective”
      3. Watch :Crazy EddieAdd New
  5. Section 7 : Accounting Information Systems

    1.  Michael Cohn : “Deloitte Leverages AI and Analytics for Audits
    2. Read Pages 165 – 170: “Accounting Principles: A Business Perspective”
    3. Watch : Subsidiary Ledger
  6. Section 8 : Fraud, Internal Control & Cash

    1. Robert Picard: ” Too Much Cash Becomes a Serious Business Problem
    2. Read Pages 267 – 290 :“Accounting Principles: A Business Perspective”
    3. Watch: What is internal audit?
  7. Section 9 : Accounting for Receivables

    1. Dick Carroza : “Interview with Sherron Watkins: Constant Warning
    2. Read Pages 290 – 300 : “Accounting Principles: A Business Perspective”
    3. Watch : Enron : What Exactly Happened?
  8. Section 10 : Long Lived Assets

    1. Tyler McCarthy : “Google really really wants to trademark the word “glass””
    2. Read: Chapter 8 : “Accounting Principles: A Business Perspective”
    3. Watch: Depreciation and Amortization

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