Required Courses
203A Financial Accounting for Management
Nature and purpose of accounting, principal accounting instruments, and valuation problems.
203B Managerial Accounting for Management
Focuses on the needs of the manager rather than the needs of stockholders and others. Introduces the concepts and tools of internal reporting. Emphasis on use of internal accounting reports and analyses for decision making.
30A Principles of Accounting I
First course in a series of two introductory-level courses in accounting theory and practice. Emphasis on financial accounting concepts including the corporate financial statements, their content and interpretation, and the impact of
financial transactions upon them.
Elective Courses
231A Financial Statement Analysis & Reporting I
Develops an initial set of skills essential to using financial statements for business analysis by examining earnings management, revenue recognition, the reporting of assets, and how financial reporting is related to the business environment and managerial incentives.
231B Financial Statement Analysis & Reporting II
Extends financial statement analysis to the reporting of liabilities and stockholders’ equity and their interaction with managerial incentives and the business environment. Useful to anyone with interests in equity, business, or financial analysis, investment and commercial banking, accounting, consulting, etc.
232 Federal Taxation
An introduction to the theory and practice of federal income taxation of individuals, with emphasis on statutory materials; special attention to deferred compensation plans, employment relations, personal and business deductions, production of income and current topics with tax planning techniques.
234 Financial Statement Analysis [ITM Course]
This course is designed to prepare you to interpret and analyze financial statements effectively. The purpose of this analysis is to assist you (the investor, the banker, the shareholder, the company’s CEO or CFO) in your investment and credit granting decisions. The course extends your knowledge in financial reporting by introducing you to the “quality” of financial information and the factors that affect this quality, such as the flexibility that companies have in applying existing accounting principles and the incentives of management to “manage” earnings.
We will examine in detail methods of fundamental analysis of business entities and the various approaches for their valuation. The analysis will be carried out from the perspective of both the outside security analyst and corporate financial analyst.
The course is divided into four parts – accounting analysis, financial analysis, business strategy and valuation. The first part deals with the effect of financial reporting and disclosure rules on the measurement of the business performance. The incentives, opportunities and tools for achieving earnings management by corporations will be discussed. The second part of the course (financial analysis) focuses on the inferences that one can make from the financial statements on the firm’s profitability, liquidity, capital structure and credit worthiness. The third part will address how the nature of the business, its industry and strategy affect its analysis and valuation. In the last part of the course we will present different models and techniques of equity valuation.
The course is of interest to those contemplating careers in investment banking, security analysis, consulting, public accounting, and corporate finance. It will also help in personal investing.
The course will be in the form of lectures, discussions, cases, and will involve a valuation project.
This course is designated as an ITM elective for several reasons. First, many of the case assignments and in particular the project rely very heavily on data bases that are part of the school's financial data resources or otherwise available on the net. Acquaintance with these databases and the software that facilitates their manipulation is part of the course requirements. Second, software for financial statement analysis will be presented in the course as part of the financial analysis part. Finally, as part of the discussion on firm valuation, special valuation issues related to the valuation of Internet companies will be presented.
235 Advanced Managerial Accounting
Design of cost information and systems used to plan and control organizational activities; procedures used to account for unit, process, and program costs; cybernetic evaluation of costing procedures; cost estimation, analysis, and accounting via computers.
290 Corporate Taxation
An introduction to federal income taxation of corporations emphasizing transactions between corporations and their shareholders. Tax treatment and planning reviewed. Topics include corporate formation, capital structure, dividends, stock redemptions, liquidations and an introduction to flow-thru entities: S Corporations and LLC.
290 Accounting Control and Corporate Governance
tba
290 Taxes&Business Strategy
tba