1 / 13

Accy 303: Fall 2000

Accy 303: Fall 2000. Rajib Doogar (Raa-jeeb Dooger) 225C DKH till Sept 7 343C Wohlers (aka CW) from Sept 10 doogar@uiuc.edu 244-8083 www.cba.uiuc.edu/doogar/303. TA/Communications. Ning Du, TA 205 Survey, 333-6412 ningdu@students.uiuc.edu Joanne Slutsky, Communications

blade
Download Presentation

Accy 303: Fall 2000

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Accy 303: Fall 2000 • Rajib Doogar (Raa-jeeb Dooger) • 225C DKH till Sept 7 • 343C Wohlers (aka CW) from Sept 10 • doogar@uiuc.edu • 244-8083 • www.cba.uiuc.edu/doogar/303

  2. TA/Communications • Ning Du, TA • 205 Survey, 333-6412 • ningdu@students.uiuc.edu • Joanne Slutsky, Communications • 213 DKH, 333-4567 • slutsky@uiuc.edu

  3. Today • Syllabus • Video • Discussion • Personal Information Sheet • Bring a passport size photograph of yourself to class Tuesday (copy UI id?)

  4. Syllabus • Note new office address on your copy of the syllabus: 343 C Wohlers Hall (CW) • 13 pages, including list of readings and daily schedule of work • Reading and Assignment packets (sold separately) available at Dup-it. • ANY intermediate accounting text will do.

  5. Organizing Question 1 • WHY accounting? • historical factors • in an age of market capitalism • Why REGULATE accounting? • Conflicting interests, whose agenda chosen? • Accounting too important to be left to the accountants.

  6. Accounting as Conflict Resolution Investors Suppliers Intermediaries: Advisors, Analysts Investment Opportunity Managers Auditors Solid = resources; dots = information Customers

  7. Congress: Securities Acts of 1933 & 1934 Organizing Question 2 HOW is accounting regulated in the United States? Red = Public; Green = Private • Professional Organizations (AICPA) FASB SEC Standards • Preparers/Assurers (Clients and firms) Solid = legal; dots = influence

  8. Organizing Question 3 • How is INTERNATIONAL accounting regulated? • Stock Exchanges, IOSCO • International Accounting Bodies • IASC • IFAC • Global Trading Networks: Ix, GEM etc..

  9. Organizing Question 4 • How is the US Profession organized and regulated? • What key economic and political challenges does the profession face today?

  10. Workload & Grading: 1 • 4 reaction papers (9/5, 9/19, 11/7, 11/28) • 1 page each, on a reading • 1 SEC information retrieval (9/7) • 8 In-class exercises (keep best 7) • tests of short-term recall • 9 Quiz question preparation tasks (keep 8) • 3 Quizzes (9/14, 10/17, 11/30)

  11. Workload & Grading: 2 • 3 major group projects (oral and written) • 1 comment letter analysis (10/10, 10/12) • 2 applied research problems (10/26 & 31; 11/30, 12/5 & 12/7) • Final exam (no midterm) • Class participation (every day) • I determine 80%, peer evaluations, 20%. • NO LATE WORK! NO EXCEPTIONS!

  12. Today’s video • Does accounting matter? • Who does it matter to? • Why? • What methods do interested parties use? • What language and reasoning are used? • What do you think is the likely outcome? • Why? TAKE NOTES AS YOU WATCH

  13. Last things • Personal Information Sheet. • Name Cards. • Accy 191 signup … around Sep 11 • Bring picture to class.

More Related