Accountancy 303 Institutions and Regulation

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 • http://www.cba.uiuc.edu/doogar/303 • 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

Accountancy 303 Institutions and Regulation