ACCT 462 Spring 2016 Class and Assignment Schedule – READINGS DATE TOPICS CASES DAF* Aug. 23 Financial Reporting and the Ch. 1 Institutional Environment Aug. 25 Improper Timing of Revenue via Ch. 3 Sunbeam Bill-and–Hold and other contingent sales Aug. 30 Contingent Sales Ch. 3 Sunbeam Ethics Ch. 2 Peter Madoff Sept. 1 Holding Books Open after end of Ch. 4 Sensormatic period Xerox Multiple Element Contracts CUC/Cendant Fictitious Revenue Insignia Improper Valuation of Revenue Cash Flow Statements Sept. 6 Use of Business Combinations for Ch. 5 WorldCom improper accounting Sept. 8 Improper Capitalization of Expenses Ch.5 WorldCom Sept. 13 MID-TERM EXAM Sept. 15 Improper Use of Off-Balance Sheet Ch. 7 Enron Arrangements to overstate earnings and understate liabilities Sept. 20 Improper Use of Off-Balance Sheet Ch. 7 Enron Arrangements; continued Sept. 22 Enron continued Ch. 7 Enron Ch. 9 CountryWide Mortgage Crisis Sept. 27 Mortgage Crisis Ch 9 CountryWide Sept. 29 Improper Deferral of Expenses Ch 6 Livent Failure to Record Expenses Livent Overstating Ending Inventory Ch 6 Rite Aid Understating Reserves for Bad Debts Ch 6 AHERF/Allegheny Oct. 4 Failure to Record Asset Impairments Ch. 6 Lockheed Inadequate Disclosure in MD&A Ch. 8 Edison Schools Oct. 6 Related Party Transactions Ch. 8 Adelphia Improper Use of non-GAAP measures Ch. 8 Adelphia
ACCT 462 Spring 2016 – Class and Assignment Schedule DATE TOPICS READINGS DAF* CASES Aug. 23 Financial Reporting and the Institutional Environment Ch. 1 Aug. 25 Improper Timing of Revenue via Bill-and–Hold and other contingent sales Ch. 3 Sunbeam Aug. 30 Contingent Sales Ethics Ch. 3 Ch. 2 Sunbeam Peter Madoff Sept. 1 Holding Books Open after end of period Multiple Element Contracts Fictitious Revenue Improper Valuation of Revenue Cash Flow Statements Ch. 4 Sensormatic Xerox CUC/Cendant Insignia Sept. 6 Use of Business Combinations for improper accounting Ch. 5 WorldCom Sept. 8 Improper Capitalization of Expenses Ch.5 WorldCom Sept. 13 MID-TERM EXAM Sept. 15 Improper Use of Off-Balance Sheet Arrangements to overstate earnings and understate liabilities Ch. 7 Enron Sept. 20 Improper Use of Off-Balance Sheet Arrangements; continued Ch. 7 Enron Sept. 22 Enron continued Mortgage Crisis Ch. 7 Ch. 9 Enron CountryWide Sept. 27 Mortgage Crisis Ch 9 CountryWide Sept. 29 Improper Deferral of Expenses Failure to Record Expenses Overstating Ending Inventory Understating Reserves for Bad Debts Ch 6 Ch 6 Ch 6 Livent Livent Rite Aid AHERF/Allegheny Oct. 4 Failure to Record Asset Impairments Inadequate Disclosure in MD&A Ch. 6 Ch. 8 Lockheed Edison Schools Oct. 6 Related Party Transactions Improper Use of non-GAAP measures Ch. 8 Ch. 8 Adelphia Adelphia