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Accounting in Practice

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Overview

This 2-credit course counts towards the accounting major at Stern.

 

The course explains how financial accounting systems work, how financial statements are prepared, and how they are used by managers, investors, and bankers. A good understanding of the practical aspects of financial reporting is crucial to finding a job and having a successful career. These practical aspects cannot be communicated in a traditional classroom setting; their understanding requires presentations by and in-depth discussions with industry professionals. Our New York City location gives us an unparalleled access to such professionals. The course offers a unique opportunity to interact with them.

 

Please note the following class schedule:

 

Start Date

Start Time

End Time

Monday, January 23, 2017

4:55 PM

5:50 PM

Wednesday, January 25, 2017

4:55 PM

5:50 PM

Monday, January 30, 2017

4:55 PM

5:50 PM

Wednesday, February 1, 2017

4:55 PM

5:50 PM

Monday, February 6, 2017

4:55 PM

5:50 PM

Wednesday, February 8, 2017

4:55 PM

5:50 PM

Monday, February 13, 2017

4:55 PM

5:50 PM

Wednesday, February 15, 2017

4:55 PM

5:50 PM

Monday, February 20, 2017

President's Day

 

Wednesday, February 22, 2017

4:55 PM

5:50 PM

Monday, February 27, 2017

4:55 PM

5:50 PM

Wednesday, March 1, 2017

No class

 

Monday, March 6, 2017

4:55 PM

5:50 PM

Wednesday, March 8, 2017

4:55 PM

5:50 PM

Monday, March 20, 2017

4:55 PM

5:50 PM

Wednesday, March 22, 2017

4:55 PM

5:50 PM

Monday, March 27, 2017

4:55 PM

5:50 PM

Wednesday, March 29, 2017

4:55 PM

5:50 PM

Monday, April 3, 2017

4:55 PM

5:50 PM

Wednesday, April 5, 2017

No class

 

Monday, April 10, 2017

4:55 PM

5:50 PM

Wednesday, April 12, 2017

4:55 PM

5:50 PM

Monday, April 17, 2017

4:55 PM

5:50 PM

Wednesday, April 19, 2017

4:55 PM

5:50 PM

Monday, April 24, 2017

4:55 PM

5:50 PM

Wednesday, April 26, 2017

4:55 PM

5:50 PM

Monday, May 1, 2017

4:55 PM

5:50 PM

Wednesday, May 3, 2017

4:55 PM

5:50 PM

Monday, May 8, 2017

4:55 PM

5:50 PM

 

Design

This course is designed to provide practical insights into the following aspects of financial reporting and analysis:

Prerequisites

Help and Office

Materials

Grading

Students will be evaluated as follows:

Schedule

Class Topic
1
  • Course introduction; readings and cases on financial reporting, credit risk assessment and valuation
2
  • An in-depth look at the financial reporting process
3
  • How do equity research analysts use financial reports and talk to the CFOs
4
  • How lenders use financial reports and make credit decisions
5
  • How do equity investors use financial reports
6
  • What do CFOs do; what challenges do they face in communicating their financial performance to outsiders
7
  • What do audit partners do; what challenges do they face in attesting financial reports
8
  • What do controllers do; how do they ensure the integrity of financial records and financial reporting
9
  • What do tax partners do; how does tax accounting differ from financial reporting
10
  • Performance measurement
11
  • Financial reporting systems
12
  • How do investment bankers use financial reports

13
  • Forensic accounting and quality of earnings analysis
14
  • Bringing together the lessons learned