Please contact NYU IT (, 212-998-3333) or NYU Stern IT (, 212-998-0180) for all Zoom/email/NYU Brightspace/Admin/CapitalIQ issues. Please do not copy/contact me. Brightspace and NYU groups send all emails to the (not address, while Stern class mail lists send emails to You must check BOTH emails and use the correct browser profile. Please contact IT to figure this out. Do not write to Almaris or me if you do not get Almaris emails because this issue is between NYU and you.


Course code: COR1-GB 1306 61

The course is structured around the following major uses of accounting data by managers, financial analysts, consultants, and other professionals as described below:



I use my materials. Therefore, no textbook is required, and you need not purchase anything.

Attendance and penalty for missing classes

Requiring attendance is necessary for several reasons. First, you incorrectly assume you can catch up on a missed class by watching a recording (if available). Videos do not engage your brain as much as a live class. Second, less than 20% of you watch the recording (if available). You are then lost in class, which provides wrong signals to me as an instructor. Third, your absence hurts class discussions. Fourth, you miss out on feedback if you do not work through the questions I pose in class. Fifth, I lose the feedback since there are fewer questions.

The policy below will be in effect only after the add/drop period.

Without mandatory attendance, attendance is often below 50%. Therefore, though I dislike doing this, I penalize absences. If you anticipate being absent for good reasons, please email me well in advance. Please enter "Excused" on the attendance sheet described below to avoid the penalty if I approve. If you miss a class due to emergencies and cannot tell me in advance, do not panic. Take care of the emergency first, and then email me. I will permit you to change the "Absent" to "Excused." But, if you miss a class without a valid reason, there is a penalty, as stated below.

For sections meeting in 150-190 minute sessions, you will lose one grade (A to A-, A- to B+, B+ to B, B to B-, and so on) for EVERY missed session unless you were explicitly excused via email. Thus, if you miss two class sessions, you will lose two grades, and so on.

For sections meeting in 75-80 minute sessions, you will lose one grade (A to A-, A- to B+, B+ to B, B to B-, and so on) for EVERY TWO missed sessions unless you were explicitly excused via email. Thus, if you miss four class sessions, you will lose two grades, and so on.

Please sit in the same seat in every class and display your name tags. For Zoom classes, you must keep your video on AT ALL TIMES. You must also have a good working headset or mic, as it is extremely rude to be inaudible and force me to ask you to repeat yourself. After entering the class, please mark yourself present in the first 20 minutes on the OneDrive sheet (link posted on Brightspace). You will be marked absent if you are more than 20 minutes late unless it is because of factors beyond your control (traffic, subway, interviews running late). You will also be marked absent if you leave the class early unless you have my permission or get it afterward. You will get an F in the course if you are caught cheating on the attendance sheet.

Almaris Assignments

Exams and Grading

Important computer tips


Session Topic
  • Accounting terms: entity concept, monetary unit concept, stocks versus flows, the four financial statements
  • Performance measures: Cash flows versus income flows; design of incentive systems
  • Relationships between the three financial statements
  • Accounting systems: Double entry bookkeeping
  • When revenues lead receipts: Accrued revenues or receivables --Transactions, ratios, and projections
  • When revenues lag receipts: Deferred revenues or advances -- Transactions, ratios, and projections
  • When expenses lead payments: Accrued expenses or payables -- Transactions, ratios, and projections
  • When expenses lag payments: Deferred expenses or prepayments -- Transactions, ratios, and projections
  • Permanent differences between cash flows and income flows due to financing -- Transactions, ratios, and projections
  • The complete accounting cycle
  • Examples: Inventories and Payables -- Transactions, ratios, and projections; cost flow assumptions -- LIFO versus FIFO
  • Examples: Property, Plant, and Equipment -- Transactions, ratios, and projections; investing versus operating activities
  • Midterm exam
  • Time value of money: When cash flows stretch over time
  • Mortgages and bonds
  • Understanding why a business needs financing
  • Debt financing
  • Equity financing:
  • Handling uncertainty: Allowances and reserves as liabilities
  • Handling uncertainty: Allowances and reserves as contra-assets
  • Key financial statement ratios
  • When managers manipulate statements; A different perspective on understanding the links between the three major statements
  • Mergers and acquisitions
23 and 24
  • Final exam