Readings

Course Textbook

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

1. Contents

   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