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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. 47–50 (top), 68–73
    • Ch. 3: pp. 112–114
Assignments
  • Lesson 1 Zoom Session: Wednesday 8:00 p.m. (ET)
  • Lesson 1 Practice Exercises
  • Lesson 1 Homework
  • Lesson 1 Discussion: Introduction
    • Single post due Sunday by 11:59 p.m. (ET)

Week 2
Lesson 2
Lesson 2Recording Business Transactions
Readings
  • Lesson 2 Commentary
  • Libby, Libby & Hodge
    • Ch. 2: pp. 50–67
    • Ch. 3: pp.108–111 and 122–128
Assignments
  • Lesson 2 Zoom Session: Wednesday 8:00 p.m. (ET)
  • Lesson 2 Practice Exercises
  • Lesson 2 Homework

Week 3
Lesson 3
Lesson 3Accrual Accounting
Readings
  • Lesson 3 Commentary
  • Libby, Libby & Hodge
    • Ch. 3: pp. 115–121
    • Ch. 4: pp. 172–193
    • Ch. 5: pp. 247–256
Assignments
  • Lesson 3 Zoom Session: Wednesday 8:00 p.m. (ET)
  • Lesson 3 Practice Exercises
  • Lesson 3 Homework
  • Exam 1: Opens Friday, 12:00 a.m. (ET); Due Sunday of Lesson 4, 11:59 p.m.
    • Exam 1 covers Lessons 1–3
  • Team Assignment 1 (Due Thursday of Lesson 4)

Week 4
Lesson 4
Lesson 4Current Assets
Readings
  • Lesson 4 Commentary
  • Libby, Libby & Hodge
    • Ch. 4: pp. 176–177
    • Ch. 5: pp. 239–246
    • Ch. 6: pp. 296–299, 301 (bottom)–303, and 311–313 (top)
    • Ch. 7: pp. 346–364 and 373–376
Assignments
  • Lesson 4 Zoom Session: Wednesday 8:00 p.m. (ET)
  • Lesson 4 Practice Exercises
  • Lesson 4 Homework
  • Team Assignment 1 (Due Thursday)
  • Exam 1: Covers Lessons 1–3; Due Sunday, 11:59 p.m. (ET)

Week 5
Lesson 5
Lesson 5Current Liabilities
Readings
  • Lesson 5 Commentary
  • Libby, Libby & Hodge
    • Ch. 2: p. 71–73
    • Ch. 9: pp. 477–498, excluding section on payroll taxes
Assignments
  • Lesson 5 Zoom Session: Wednesday 8:00 p.m. (ET)
  • Lesson 5 Discussion: Ethics and Integrity
    • Initial Post Due Thursday
  • 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. 112–121 (review/reread)
    • Ch. 4: pp. 188, Focus on Cash Flows section
    • Ch. 6: pp. 296–299
    • Ch. 13: pp. 702–713
  • E-Reserve: Spiceland, Earnings Quality (select Library Resources to get E-Reserves)
Assignments
  • Lesson 6 Zoom Session: Wednesday 8:00 p.m. (ET)
  • Lesson 6 Practice Exercises
  • Lesson 6 Homework
Week 7
Lesson 7
Lesson 7Noncurrent Assets
Readings
  • Lesson 7 Commentary
  • Libby, Libby & Hodge
    • Ch. 8: pp. 406–434
Assignments
  • Lesson 7 Zoom Session: Wednesday 8:00 p.m. (ET)
  • 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. 250 (top)
    • Appendix A: pp. A1–A24
Assignments
  • Lesson 8 Zoom Session: Wednesday 8:00 p.m. (ET)
  • Lesson 8 Practice Exercises
  • Lesson 8 Homework
  • Exam 2: Opens Friday, 12:00 a.m. (ET); Due Sunday of Lesson 9, 11:59 p.m.
    • Exam 2 covers Lessons 4–8
Week 9
Lesson 9
Lesson 9Liabilities: Notes and Bonds
Readings
  • Lesson 9 Commentary
  • Libby, Libby & Hodge
    • Ch. 9: pp. 490–501
    • Ch. 10: pp. 531–551
  • E-Reserve: Spiceland—Installment Notes (select Library Resources to get E-Reserves)

Optional

  • Libby, Libby & Hodge
    • Ch. 9: Supplement A, pp. 502–505
Assignments
  • Lesson 9 Zoom Session: Wednesday 8:00 p.m. (ET)
  • Lesson 9 Practice Exercises
  • Lesson 9 Homework
  • Exam 2: Covers Lessons 4–8; Due October 26 at 11:59 p.m. (ET)
  • Team Assignment 2 (Due Thursday of Lesson 11)

Week 10
Lesson 10
Lesson 10Liabilities: Leases and Pensions
Readings
  • Lesson 10 Commentary
  • Libby, Libby & Hodge
    • Ch. 9: pp. 491–492
  • MBA Companion, Lease Overview
    • The MBA Companion must be accessed from your Libby, Libby, and Hodge ebook in Connect. Enter Connect and select the ebook; then, under the contents menu, select MBA Companion near the bottom.
  • MBA Companion, Pension, and Other Post-Retirement Benefits Overview
    • The MBA Companion must be accessed from your Libby, Libby, and Hodge ebook in Connect. Enter Connect and select the ebook; then, under the contents menu, select MBA Companion near the bottom.
  • E-Reserves: Spiceland, Lease vs. Installment Note and Operating Leases (select Library Resources to get E-Reserves)
Assignments
  • Lesson 10 Zoom Session: Wednesday 8:00 p.m. (ET)
  • Lesson 10 Practice Exercises
  • Lesson 10 Homework
  • Lesson 10 Discussion: Pension Plan Poll
    • Initial Post Due Thursday
  • Team Assignment 2 (Due Thursday of Lesson 11)
  • Team Assignment Peer Evaluation (Due Sunday of Lesson 12)

Week 11
Lesson 11
Lesson 11Stockholders' Equity
Readings
  • Lesson 11 Commentary
  • Libby, Libby & Hodge
    • Ch. 1: Supplement A, pp. 22–23
    • Ch. 11: pp. 581–601
    • Review Ch. 5: pp. 252
  • E-Reserve: Spiceland: Share-Based Compensation (select Library Resources to get E-Reserves)
  • E-Reserve: Spiceland: Earnings per Share (select Library Resources to get E-Reserves)
Assignments
  • Lesson 11 Practice Exercises
  • Lesson 11 Homework
  • Team Assignment 2 (Due Thursday)
  • Team Assignment Peer Evaluation (Due Sunday of Lesson 12)

Week 12
Lesson 12
Lesson 12Deferred Taxes
Readings
  • Lesson 12 Commentary
  • MBA Companion, Income Taxes Overview
    • The MBA Companion must be accessed from your Libby, Libby, and Hodge ebook in Connect. Enter Connect and select the ebook; then, under the contents menu, select MBA Companion near the bottom.
Assignments
  • Lesson 12 Zoom Session: Wednesday 8:00 p.m. (ET)
  • Lesson 12 Practice Exercises
  • Lesson 12 Homework
  • Team Assignment Peer Evaluation (Due Sunday)

Week 13
Lesson 13
Lesson 13Statement of Cash Flows
Readings
  • Lesson 13 Commentary
  • Libby, Libby & Hodge
    • Ch. 12: pp. 632–656
Assignments
  • Lesson 13 Zoom Session: Wednesday 8:00 p.m. (ET)
  • Lesson 13 Practice Exercises
  • Lesson 13 Homework
  • Lesson 13 Discussion: Importance of Cash Flows
    • Initial Post Due Thursday
Week 14
Lesson 14
Lesson 14Financial Statement Analysis
Readings
  • Lesson 14 Commentary
  • Libby, Libby & Hodge
    • Read/review Ch. 13: pp. 694–720
    • Review Ch. 5: pp. 244–246
  • 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 (select Library Resources to get E-Reserves)
Assignments
  • Lesson 14 Zoom Session: Wednesday 8:00 p.m. (ET)
  • Lesson 14 Practice Exercises
  • Lesson 14 Homework
  • Lesson 14 Discussion: Financial Analysis
    • Single post due Thursday, by 11:59 p.m. (ET)
  • Exam 3 opens Friday at 12:00 a.m. (ET); Due Sunday of Lesson 15, 11:59 p.m. (ET)
    • Exam 3 covers Lessons 9–13

Week 15
Lesson 15
Lesson 15Evolving Nature of Accounting
Readings
  • Lesson 15 Commentary
  • Libby, Libby & Hodge
    • Ch. 5: p. 245 (bottom)
    • Ch. 8: (bottom) pp. 413–414
    • Ch. 11: p. 582
    • Ch. 13: (bottom) pp. 720–721 (top)
  • Various online readings embedded in the lesson
Assignments
  • Lesson 15 Discussion: Nonfinancial Indicators
    • Single post due Thursday, by 11:59 p.m. (ET)
  • Exam 3: Covers Lesson 9–13; Due Sunday, 11:59 p.m. (ET)

Week 16
Final Exam
Exam 3

Exam Week

Readings
  • None
Assignments
  • Exam 3: Covers Lessons 9–13; Due Sunday, 11:59 p.m. (ET)

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