Main Content

Schedule

  • Spring and Fall Semesters: 16 weeks
  • Summer Semester: 12 weeks
All assignments are due by 11:59 PM (ET) on the last day of each lesson, except where noted.
Week 1
Lesson 1
Lesson 1Introduction to Financial Statements
Readings
  • Lesson 1 Commentary
  • Libby, Libby & Hodge
    • Ch. 1: pp. 2–21
    • Ch. 2: pp. 45–49
    • Ch. 3: pp. 106–108
Assignments
  • Lesson 1 Zoom Session
  • Lesson 1 Discussion: Accounting
  • Lesson 1 Practice Exercises
  • Lesson 1 Homework

Week 2
Lesson 2
Lesson 2Recording Business Transactions
Readings
  • Lesson 2 Commentary
  • Libby, Libby & Hodge
    • Ch. 2: pp. 49–64
    • Ch. 3: pp.104–108 and 115–123
Assignments
  • Lesson 2 Zoom Session
  • Lesson 2 Discussion: Ethics and Integrity
  • Lesson 2 Practice Exercises
  • Lesson 2 Homework

Week 3
Lesson 3
Lesson 3Accrual Accounting
Readings
  • Lesson 3 Commentary
  • Libby, Libby & Hodge
    • Ch. 3: pp. 109–115
    • Ch. 4: pp. 166–177 and 179–188
    • Ch. 5: pp. 240–249
Assignments
  • Lesson 3 Zoom Session
  • Lesson 3 Practice Exercises
  • Lesson 3 Homework
  • Exam 1

Week 4
Lesson 4
Lesson 4Current Assets
Readings
  • Lesson 4 Commentary
  • Libby, Libby & Hodge
    • Ch. 5: pp. 233–240
    • Ch. 6: pp. 284–286, 289–296, and 299–300
    • Ch. 7: pp. 332–338, 340–346, 348–354, and 358–360
Assignments
  • Lesson 4 Zoom Session
  • Team Assignment #1
  • Lesson 4 Practice Exercises
  • Lesson 4 Homework
  • Exam 1

Week 5
Lesson 5
Lesson 5Current Liabilities
Readings
  • Lesson 5 Commentary
  • Libby, Libby & Hodge
    • Ch. 2: p. 69
    • Ch. 9: pp. 460–470, excluding section on payroll taxes
Assignments
  • Lesson 5 Zoom Session
  • Lesson 5 Discussion: Contingencies
  • Lesson 5 Practice Exercises
  • Lesson 5 Homework

Week 6
Lesson 6
Lesson 6Measuring Results of Operations
Readings
  • Lesson 6 Commentary
  • Libby, Libby & Hodge
    • Ch. 3: pp. 106–115 (review/reread)
    • Ch. 13: pp. 667–672 
  • E-Reserve: Spiceland, Earnings Quality
Assignments
  • Lesson 6 Zoom Session
  • Lesson 6 Practice Exercises
  • Lesson 6 Homework
Week 7
Lesson 7
Lesson 7Noncurrent Assets
Readings
  • Lesson 7 Commentary
  • Libby, Libby & Hodge
    • Ch. 8: pp. 391–418
Assignments
  • Lesson 7 Zoom Session
  • Lesson 7 Discussion: Noncurrent Assets Disclosures
  • Lesson 7 Practice Exercises
  • Lesson 7 Homework

Week 8
Lesson 8
Lesson 8Investments in Financial Securities
Readings
  • Lesson 8 Commentary
  • Libby, Libby & Hodge
    • Ch. 5: p. 243 (bottom)
    • Appendix A: pp. A1–A11, A13–A16, and A19–A21
  • E-Reserve: Spiceland, Fair Value Through Net Income 
Assignments
  • Lesson 8 Zoom Session
  • Team Assignment #2
  • Lesson 8 Practice Exercises
  • Lesson 8 Homework
  • Exam 2
Week 9
Lesson 9
Lesson 9Liabilities: Notes and Bonds
Readings
  • Lesson 9 Commentary
  • Libby, Libby & Hodge
    • Ch. 9: pp. 471 and 473–481
    • Ch. 10: pp. 508–527
  • E-Reserve: Spiceland, Installment Notes

Optional

  • Libby, Libby & Hodge
    • Ch. 9: pp. 482–484
Assignments
  • Lesson 9 Zoom Session
  • Lesson 9 Discussion: Nonfinancial Indicators
  • Lesson 9 Practice Exercises
  • Lesson 9 Homework
  • Exam 2

Week 10
Lesson 10
Lesson 10Liabilities: Leases and Pensions
Readings
  • Lesson 10 Commentary
  • Libby, Libby & Hodge
    • Ch. 9: pp. 472–473
  • E-Reserve: Spiceland: Leases vs. Installment Notes
  • E-Reserve: Spiceland: Finance Leases
  • E-Reserve: Spiceland: Operating Leases
  • E-Reserve: Spiceland: Pensions
Assignments
  • Lesson 10 Zoom Session
  • Lesson 10 Discussion: Pension Plan Poll
  • Lesson 10 Practice Exercises
  • Lesson 10 Homework

Week 11
Lesson 11
Lesson 11Stockholders' Equity
Readings
  • Lesson 11 Commentary
  • Libby, Libby & Hodge
    • Ch. 1: Supplement A, pp. 22–23
    • Ch. 11: pp. 554–572
    • Review Ch. 5: pp. 245–246
  • E-Reserve: Spiceland: Share-Based Compensation 
  • E-Reserve: Spiceland: Earnings per Share 
Assignments
  • Lesson 11 Zoom Session
  • Lesson 11 Practice Exercises
  • Lesson 11 Homework

Week 12
Lesson 12
Lesson 12Deferred Taxes
Readings
  • Lesson 12 Commentary
  • MBA Companion: (at end of e-book in Connect)
    • p. 11 (Overview & Permanent Tax Differences)
    • p. 11–12 (Reconciling Statutory & Effective Tax Rates)
    • p. 12 (Temporary Tax Differences)
    • p. 12–14 (Deferred Tax Assets)
    • p. 14–15 (Deferred Tax Liabilities)
    • p. 16 (Understanding DTA Valuation Allowance)
    • p. 16 (Review Exhibit S.10)
    • p. 17 (Importance of Understanding Tax Disclosures)
Assignments
  • Lesson 12 Zoom Session
  • Team Assignment #3
  • Team Assignment Peer Evaluation
  • Lesson 12 Practice Exercises
  • Lesson 12 Homework

Week 13
Lesson 13
Lesson 13Statement of Cash Flows
Readings
  • Lesson 13 Commentary
  • Libby, Libby & Hodge
    • Ch. 12: pp. 600–623
Assignments
  • Lesson 13 Zoom Session
  • Lesson 13 Discussion: Importance of Cash Flows
  • Lesson 13 Practice Exercises
  • Lesson 13 Homework
Week 14
Lesson 14
Lesson 14Financial Statement Analysis
Readings
  • Lesson 14 Commentary
  • Libby, Libby & Hodge
    • Read/review Ch. 13: pp. 658–683
    • Read/review Ch. 5: pp. 238-240
  • U.S. Securities and Exchange Commission: How to Read a 10-K
  • U.S. Securities and Exchange Commission: Annual Report
  • E-Reserve: Spiceland: Segment Reporting 
Assignments
  • Lesson 14 Zoom Session
  • Lesson 14 Discussion: Financial Statement Analysis
  • Lesson 14 Practice Exercises

Week 15
Lesson 15
Lesson 15Evolving Nature of Accounting
Readings
  • Lesson 15 Commentary
  • Various online readings
Assignments
  • Lesson 15 Zoom Session
  • Lesson 15 Discussion: Learning Reflection
  • Team Assignment Peer Evaluation
  • Exam 3

Week 16
Final Exam
Exam 3 
Readings
  • None
Assignments
  • Exam 3

Top of page