15.515 Financial Accounting

Fall 2003

Close up of dollar bill with A equals L plus E written on it.
Accountants use the equation Assets = Liabilities + Shareholders' Equity as the basis for their balance sheets. (Image courtesy of Matthew Palmer.)

Course Highlights

Class sessions in 15.515 are a mix of lectures, for which notes are provided, and case discussion. To perfect their financial accounting acumen, students complete homework problems, prepare exercises for class, and discuss examples in recitation.

»  Participate in the online discussion group for this course.

Course Description

Our goal is to help you develop a framework for understanding financial, managerial, and tax reports. The course goal is divided into five subordinate challenges that can help you organize the way you learn accounting:
  1. The record keeping and reporting challenge
  2. The computation challenge
  3. The judgment challenge
  4. The usage challenge
  5. The search challenge

The course adopts a decision-maker perspective of accounting by emphasizing the relation between accounting data and the underlying economic events generating them. Restricted to first-year Sloan MBA students.

Acknowledgements

Acknowledgment is hereby given to Professor G. Peter Wilson for his authorship of the following content in this course:

  • The Five Challenges (see Syllabus and Lecture 1)
  • "What Do Intel and Accountants Have in Common?" (see Lecture 1)
  • A Conceptual Framework for Financial Accounting (see Lecture 1)

Technical Requirements

Microsoft® Excel software is recommended for viewing the .xls files found on this course site. Free  Microsoft® Excel viewer software can also be used to view the .xls files.

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Staff

Instructors:
Prof. Richard Frankel
Prof. George Plesko
Prof. Kin Lo

Course Meeting Times

Lectures:
Two sessions / week
1.5 hours / session

Recitations:
One session / week
1 hour / session

Level

Graduate