MBA Financial Accounting
Instructor: Yi-Tsung Lee 李怡宗 Peking University
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My information
Office: New Building 336 Office hour:周日下午 14:00 – 17:00 或预约 Tel: 62755742 Email：ytlee@https://www.doczj.com/doc/26316097.html, 助教： 施丹 shidan1@https://www.doczj.com/doc/26316097.html,
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Objectives of this course
Not the objective This course does NOT train accountants Learn the language to communicate in business community – Understand the methods to prepare financial statement – How to interpret financial statements – Make decisions basing on the information in financial statement Have fun!
Fundamental; International Perspective
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Textbook
Financial Accounting: An Introduction to Concepts, Methods, and Uses, 12thEdition, Clyde P. Stickney and Roman L. Weil. 2007. 中文版: 機械工業出版社
(010) 6832 6294
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Tentative Schedule
一 二 三 四 五 六 七 八 九 十 test
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09.12 09.19 09.26 10.03 10.10 10.17 10.24 10.31 11.07 11.14 11.21
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Tentative Schedule
Topic 1 Introduction 2 The Balance Sheet 3 The Income Statement 4 The Statement of Cash Flows 5 Financial Statement Analysis 6 Receivables and Revenue Recognition 7 Inventory 8 Long-lived Assets 9 Investment 10 Liabilities 11 Owners’ equity
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Textbook Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 11 Chapter 9 Chapter 12
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Grading:
Class attendance and participation Homework Exam Project 10 15 55 20
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Project—Analyze a firm
Form groups (5 persons) (give a name) Pick one non-financial-services firms Frequent written reports, IPOs, Financial Distress (Don’t overlap.) Presentation (from an analyst’s perspective) Submit a final written report --Grading of project Group score * Peer evaluation （组员评价）
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有用的网址
? 课程网址：https://www.doczj.com/doc/26316097.html,/webapps/login/ ? 巨潮资讯https://www.doczj.com/doc/26316097.html,/gszx/dqbg000001.html ? 新华网金融频道 https://www.doczj.com/doc/26316097.html,/finance/ ? 新浪网财经频道 https://www.doczj.com/doc/26316097.html, ? 金融界财经频道资本市场 https://www.doczj.com/doc/26316097.html,/list/zbsc.shtml
好的商业期刊: English: “Business Week” “ Wall Street Journal” Chinese: 《商业周刊》、《财经》、《财富》《第一 财经日报》
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You are expected to:
Participate!
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You are expected to:
Read a lot!
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You are expected to:
Work Hard!
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You are expected to:
Name: Hot summer without scissors!
Be creative
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Lecture One: An Introduction
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Schedule
Motivations--Importance of accounting The definition of accounting
– Users of accounting – Business activities – What information is needed?
Standard setting Accounting assumption and principles Financial statements
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The impression of accountant?
四师之一
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“Big Four” International Accounting Firms
1. 德勤（Deloitte Touche Tohmatsu）
– Revenue16.4 Billion
– https://www.doczj.com/doc/26316097.html,/view/zh_CN/cn/index.htm
2. 普华永道（PricewaterhouseCoopers)
– https://www.doczj.com/doc/26316097.html,/home/eng/index.html
3. 安永（Ernst & Young）
– https://www.doczj.com/doc/26316097.html,/Home
4. 毕马威国际（KPMG）
– https://www.doczj.com/doc/26316097.html,/
Arthur Anderson
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国内违规成本低 四大会计公司跳进中国灰色熔炉
7月28日，财政部例行的会计信息质量检 查公告(第十一号)，普华永道会计师事 务所被财政部要求责令整改，随后， 监管部门、会计师事务所、业内专家、 媒体共同把这场风暴推向高潮。
審計風險與工作保障
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The importance of accounting (1)
Market reaction to earnings announcement On Aug. 20, 2008, Hewlett-Packard Co. announced third quarter results:
– H-P's earnings rose 11% from a year ago as sales reached $28 billion. – Excluding one-time items, H-P would have earned $2.2 billion, or 86 cents a share. Analysts had forecast H-P to earn 83 cents a share on revenue of $27.4 billion.
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Market reaction to earnings announcement
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