1. Accountancy 303 Institutions and Regulation Rajib Doogar Spring 2000

2. Basic Info Syllabus Website Course overview Expectations To do

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

4. Website http://www.cba.uiuc.edu/doogar/303 –contact info –syllabus –bulletin board announcements additional readings for fun and profit

5. 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

6. 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

7. 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)

8. 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

9. 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