Accountancy 303 Institutions and Regulation Rajib Doogar Spring 2000

Basic Info Syllabus Website Course overview Expectations To do

Syllabus Contact info & study materials Course content & objectives Workload –grading (p.3) –scheduling (pp.8-12) –participation –missing & late work –dispute resolution

Website –contact info –syllabus –bulletin board announcements additional readings for fun and profit

Course overview (1) Why accounting? (2d) –Economic demand for financial information –Evolution of accounting as a market response Congress & SEC (3d) –Need for regulation –The SEC: its role & responsibilities –SEC Compliance and Enforcement –Reaction paper 1 and Internet assignment

Course overview (2) Financial Accounting Standards Board (6d) –Charter –Due process -- Reaction paper 2 –Conceptual Framework –Comment letter analysis & presentation Preparers (8d) –the accounting cycle –making accounting entries & presentations

Course overview (3) International Accounting Issues (2d) –IAS –SEC & foreign registrants -- Reaction paper 3 The Accounting Profession (5d) –Responsibilities –Environment –Independence -- reaction paper 4 Applied Research Presentations (2d)

Expectations High level of preparedness Enthusiastic & articulate participation Professional demeanor –timely and self-motivated –clear, cogent, persuasive rhetoric –cheerful and fun to work with for peers

Next class Before class: –Copy id or get picture to bring to class –Read syllabus, note key days & workload peaks –Read Foster chapters In class: –Admin things Personal information sheet, Name Card –Discussion of Foster readings and P&R #1