Lectures
- 1. Overview and Introduction
- 2. Principles of Accrual Accounting
- 3. Elements of an Annual Report and Financial Ratios
- 4. Revenue Recognition and Accounts Receivable
- 5. Revenue Recognition
- 6. Accounting for Inventory and COGS
- 7. The Matching Principle and Long-lived Assets
- 8. Matching Principle: Property, Plant, and Equipment
- 9. The Statement of Cash Flow
- 10. Accounting for Taxes
- 11. Marketable Securities and Valuation Adjustments
- 12. Current Liabilities and Contingencies
- 13. Long-Term Debt
- 14. Debt and Valuation
- 15. Leases
- 16. Stockholders' Equity
- 17. Acquisitions
Financial Accounting - Lecture 12
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Lecture 12 - Current Liabilities and Contingencies
Current Liabilities and Contingencies and an Introduction to Long-Term Debt Objectives: 1. Understand the nature and reporting requirement of short-term liabilities. 2. Illustrate the trade-off between reliability and relevance of accounting numbers in the accounting for contingencies. 3. Understand the time value of money and the mechanics of present value calculations.
Prof. Richard Frankel, Prof. George Plesko, Prof. Kin Lo
15.515 Financial Accounting, Fall 2003 (Massachusetts Institute of Technology: MIT OpenCourseWare) http://ocw.mit.edu Date accessed: 2009-04-30 License: Creative Commons BY-NC-SA |
Lecture Material
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