Introduction to Financial and Managerial Accounting

( ocw.mit.edu)
As taught in: Spring 2004

A diagram from lecture 1 that illustrates how Financial Accounting promotes the exchange of resources. (Image courtesy of Prof. Sugata
Roychowdhury.)

Level:

Undergraduate / Graduate

Instructors:

Prof. Sugata Roychowdhury

Course Features
Course Description

Course Features
Selected lecture notes

Lecture Notes
LEC # TOPICS

Overview of the course, Administrative

1 matters, Discussion of Accounting
Framework (PDF)

The Balance Sheet and the Recording of

2
Transactions (PDF)

The Income Statement and Principles of

3
Accrual Accounting (PDF)
LEC # TOPICS

The Income Statement and Principles of

4
Accrual Accounting (cont.) (PDF)

5 The Accounting Process (PDF)

6 Revenue Recognition (PDF)

7 Revenue Recognition (cont.) (PDF)

8 Inventory/Cost of Goods Sold (PDF)

9 Statement of Cash Flow (PDF)

More on the Statement of Cash

10
Flows/Exam Review (PDF)

11 First Exam

Long-term Assets/Depreciation
12
(Deferred Taxes) (PDF)

13 Matching Principle for PP&E (PDF)

Marketable Securities (Deferred Taxes)

14
(PDF)

Marketable Securities, Time Value of

15
Money (PDF)

16 Long Term Debt (PDF)

Leases and Off-Balance Sheet Financing

17
(PDF)

18 Current Liabilities and Contingencies

19 Midterm 2 Review (PDF)

20 Second Exam
LEC # TOPICS

Intangibles and Business Combinations

21
(PDF)

22 Introduction to Cost Concepts (PDF)

Indirect Allocation of Costs, Destin

23
Brass (PDF)

24 ABC, Destin Brass (PDF)

Managerial Accounting Wrap-up,

25
Seligram Discussion

26 Course Review/Wrap-up (PDF)

Final Exam

Course Description
This course studies basic concepts of financial and managerial reporting. The viewpoint is that of readers of financial
and managerial reports rather than the accountants who prepare them.