Theme IV Assignments |
Analytical &
Accounting Skills Covered |
| 1-4:Post-Retirement Benefits 1-7:Leases
( Benefits, Economic & Accounting
Consequences) |
Accounting for (accruing) retirement
benefits. Accounting for Capital vs. Operating Leases.
Accounting & Economic Consequences |
| 2-1:
Junk, Bunny & Dual Currency Bonds 2-3: MIPS (Monthly income preferred shares): 2-4:
Park Fairview apartments: |
Various types of financial instruments Advantages
and Risks related to various financial instruments.
What is a financial Instrument? |
| 2-5: Internal Control
Over Financial Instruments. (Selecting Broker-Dealers, Investment Bankers &
Counterparties) 2-7: Internal Control Over Financial Instruments. (Ethical issues
related to Special Electronics, Inc. ). |
Internal Control Over Financial
Instruments. Ethical issues. |
| 3-2: American Greetings
Corp. and Gibson Greetings, Inc. ) 3-8: The Changing Mix of Debt and Equity Financing:
LBOs
3-9:Assessing Municipal Debt (Fayetteville, Arkansas). |
Assessing Risks and Solvency: Leverage,
Liquidity and Interest Coverage Ratios |
| 3-1: Assessing Risks
and Solvency: Bond Carrying Value #1 3-6: Assessing Risks and Solvency: Bond Carrying
Value #2 Present Value Calculations required for
3-1 and 3-6,
See Theme III Appendix. |
Accrual (vs. cash) basis used to
account for bonds, accrual interest, premium or discount "valuation " account
and bond carrying value. Relation between coupon rate and market rate (or yield rate). |
| Subgroup Assignment
(Chester Green). |
Risks related to financial instruments Internal
controls needed to manage financial instruments
Derivatives and "Thinking like a thief" |
| Transaction Problem #4: ZERB
Corporation |
Accounting for Bonds, Premiums, &
Interest. Accounting for Preferred Stock Issuance
Statement of Stockholders’ Equity (& Reconciliation of Retained Earnings) |
Theme II Reading:
Pp. 3-15 to 3-39
|
Flexible Budgets Accounting Variance
Analysis
Behavioral Factors |
| Group Assignment: (70
points), 3-4 with addendum |
Debt Covenants Various Leverage &
other Ratios
Research skills |
| 4-1: The need for
budget reforms: N.Y. State "sells" Attica prison 4-3: The need for budget
reforms: California Dreaming # 2: |
Smoke & Mirrors: Sale &
Lease-back transactions, cash vs. accrual accounting |
| Theme III, Module 4,
part b (Privatization) 4B-2: Accounting Info.
needed for privatization decisions (Kmart in E. Europe)
4B-3: Accounting Info. needed for privatization decisions: (Iowa Communications
Network). |
|
| May 5: (Tuesday): Final
Exam, 2:00 – 4:00 |
Edison Auditorium in
Hoffman Hall |
| |
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