Assignments: Week of September 16
9/16 FINANCIAL STATEMENT PREPARATION
Study journal entries 9/10, 9/11, 9/13 due
Review Chapter 2
Do P 2-3 (AJE)
9/17 THE BALANCE SHEET
Is GAAP working for knowledge-intensive industries?
Read Chapter 3: pp. 86-96Do P 2-8 (Part A)
Bring a copy of a company balance sheet and income statement to class.
Where to find them? Use the Internet. You can look for a corporate Web page and see if the annual report is posted.How to find a corporate Web site?
Here are two sites that provide links to corporate sites:
Or Access EDGAR (Electronic Data Gathering, Analysis, and Retrieval system, provided by the SEC
9/19 CONTINGENCIES AND SUBSEQUENT EVENTS
Sometimes you need to read the footnotes
Read: Chapter 3
Do E 3-3, E 3-7 (liabilities and stockholders' equity)Chapter 2 review problem due
To compare company ratios with the industry average, check out Multex Investor. The site is free, but you will have to register. Type in your company name or TIC (or use the industry guide) and select Research. Then select Ratio Comparisons from the left tool bar.
Practice vocabulary--Try E 3-1 or 3-2 (click here for solutions)