Premium Essay

Reading Case Accounting

In:

Submitted By alteredamy
Words 822
Pages 4
To: Employment Law Students
From: Dan Ginsberg
Subject: Reading Cases
Date: April 14, 2015

Background: The authors of the textbook (Bennett-Alexander and Hartman) include legal cases to provide some real life situations to help in understanding the legal principles explained in the text. Here are some things to keep in mind when you read and study these cases:

1. Laws are created by the legislature (also known as statutory laws). The cases you will be reading are summaries of judicial opinions made by appeals courts either by a state judge or by a Federal judge. Once a decision is rendered by a judge, it becomes a part of the “common law”, and can be followed, modified, or rejected by another judge, who thus creates an update to the common law.

2. The cases you read are snapshots in time, based on the facts of each case. While general principles can and should be understood, it is not always clear what the value of the case is to the understanding of the law. Sometimes, the conclusions reached by the judge, don’t make a lot of sense…. But, don’t get hung up over that, since you need many case studies to understand what the real law is. And, even if you understand the law, a new and more important decision can be rendered, which throws out the old common law, and replaces it with new common law. Or, in some cases, the legislature will pass a new law that renders the latest court decision meaningless, and the checks and balances of government are demonstrated.

3. Using the snapshot discussion from above, the study of the law (whether it is employment law or criminal law) is very fluid, and if you understand the basic principles that guide judges in making their decisions, and understand that things may change, you have a better picture of the legal field you are studying. In most cases, it’s not the “destination”, but the “journey”, that

Similar Documents

Premium Essay

Fsa Coourse Outline

...Learning Assurance Officer: Alana Ifill Prerequisite/co-requisite course (s): Introduction to Financial Accounting Workshop Involvement of other institutions for delivery: None 1 1.0 Vision and Mission of the Lok Jack GSB Our purpose is to contribute to the development of the human and institutional capacity required to transform the business landscape and shape our own destiny. Through our comprehensive and integrated programmes and consultancy services, we provide a framework for developing new pathways for achieving sustainable growth and competitiveness The mission of the School is to improve the international competitiveness of people and organisations in the Caribbean through business education, training, consulting and research. 2.0 Quality Statement In today’s organization the non financial manager can no longer avoid financial information. Profit statements, operating budgets, and project analyses are constant part of a manager’s day. The concept of the finance and non financial manager has now become very blurred. The modern manager must have the ability to utilize the appropriate methods for analyzing, interpreting, and understanding Financial Information in order to convert this data into powerful allies in their decision making. The purpose of this course is to give the participants the ability to Appreciate the use of accounting information for decision-making Understand the different “tools” used to perform financial statement analysis ...

Words: 3075 - Pages: 13

Premium Essay

Financial Reporting and Analysis

...Financial Reporting and Analysis Course Objectives: The course focuses on basic techniques of Financial Accounting. It has been designed to enable the students to prepare, comprehend and analyze corporate financial statements. The course is designed to provide an understanding of the role and relevance of accounting function in an organization and also the basic concepts, techniques and methodologies relevant to accounting function. Course coverage includes: Preparation, understanding of financial statements including Cash Flow statements of Corporate Organizations, Accounting of Property Plant and Equipment, and Analysis of Published Annual Reports with respect to various financial ratios. Current Developments like New Schedule VI has been incorporated in the course structure. This course, therefore, endeavors to develop students with the following specific objectives 1. To develop an understanding of the nature of accounting and its role in business decision-making. 2. To prepare, comprehend and analyze financial statements demonstrating both technical and analytical capabilities. 3. To develop a working knowledge of using Annual Reports. 4. To demonstrate techno-savvy capabilities to manage integrated environments. Pedagogy The course shall be delivered essentially through a fusion of lectures, exercises, and by discussing real life financial statements to develop student’s ability to read and analyze them. Total 20 sessions of 1 hr 15 minutes each would be conducted...

Words: 1044 - Pages: 5

Premium Essay

Fmc Course Netherland

...Department Accounting & Control mrinsum@rsm.nl Introduction Financial Management Control Systems (FMCS) form the bridge between the organization’s strategy and its operations. Their purpose is to align managerial behaviour and decision making with organizational goals. Although management controls are typically embedded in the organization’s financial management and accounting systems, their design and use should be based on a thorough understanding of how managerial behaviour is influenced by typical control system elements, such as target setting, performance measurement and rewarding. Indeed, while the proper design of management control systems is paramount for organizational performance, organizational failure can often be attributed to poor design of the organizations management control system. Such poor design may result from a limited understanding of the drivers of managerial behavior in complex organizations. Our challenge thus lies in understanding what are crucial design elements of control systems, what design options are feasible, and how the design and use of control systems should match the organizational context in which they operate. This understanding, rather than the straightforward arithmetic often associated with financial management, forms the core of this course. Course design in a nutshell This course consists of a combination of lectures, articles and cases. The lectures are intended to deal with the theory and concepts that are relevant to accounting and control...

Words: 1102 - Pages: 5

Premium Essay

11111

...[pic] Management Accounting and Decisions 3 (P13414) MODULE OUTLINE Semester 1 Year 2013/2014 Teaching Staff: |Staff |Room |Telephone |Email | |Andrew Edwards |AB479 |88180513 |andrew.edwards@nottingham.edu.cn | |Anna Du |AB482 |88182467 |min du@nottingham.edu.cn | CREDITS AND LEVEL 10 credits, level 3 PRE-REQUISITES AND PRIOR LEARNING Pre-requisites are MAD I and MAD II. This module assumes that you have good understanding of core management accounting techniques and concepts as taught in MAD I and MAD II. In addition, you will be expected to recall the basic principles of how to do analysis as taught in Year 2 and 3 of your degree course, but to a higher level this year. Knowledge should include the ability to both critically describe techniques and also apply numerical analysis to scenario based problems. EDUCATION AIMS The principle aim of this module is to critically review current management accounting theory and practice by reference to up to date research monographs/reports and academic papers. The secondary, related aim is to enrich students' understanding of management accounting techniques by enabling them to evaluate how such...

Words: 1270 - Pages: 6

Premium Essay

6805 Syll

...ACG 6805 Accounting Theory Fall 2015 Professor: Greg Trompeter Office: 323 BA I Phone: 407.823.2150 Office hours: Tuesday before class; as announced in class; and by appointment. Required texts: Readings available as noted below. • Trueblood cases from Deloitte. Available at: http://www.deloitte.com/view/en_US/us/About/university-relations/Deloitte-Foundation/0ac1264f0b0fb110VgnVCM100000ba42f00aRCRD.htm • FASB codification—password to be handed out in class. You may log in at http://aaahq.org/ascLogin.cfm Objectives This course examines: • How accounting principles are established and monitored by standard setters. • The strengths and weaknesses of various accounting methods and how applications of such methods affect decisions of users and preparers of financial statements. • Current issues facing standard setters and the profession. Grades will be determined as follows: 1. Class participation 45 possible points 2. Financial reporting timeline 5 possible points 3. Mini-cases (Trueblood, FASB, HBS or similar) 35 possible points 4. Problem sets and discussion question write-ups 30 possible points 5. Group presentation 10 possible points 6. Research paper 20 possible points 7. Final exam 5 possible points 150 possible points NOTE: I assume that you should plan to invest—at a minimum—three...

Words: 8209 - Pages: 33

Premium Essay

Earning Management

... | | |cass.lai@nottingham.edu.cn | |Office Hours |Dr. Kevin Dow: Th, 2:00 pm - 4:00 pm, every Thursday until Exams (except December 11 and 25) | | |Cass Lai: Th, 2:00 pm - 4:00 pm | KEY POINTS • This is a Level 3, 10 credit module; • Assessment basis: a one and a half hour Examination (100%); • Keywords: Audit; Governance; Corporate Scandals; Audit Theory and Practice; Accountability; • Pre-requisite module: P12307 Financial Reporting. MODULE AIMS To use a mix of textual and case-based material to examine the role of the audit as a means of ensuring accountability in organisations and society, and hence develop knowledge of the purpose, structure and limitations of the audit process. To critically evaluate the role of related functions within overall governance structures. LEARNING OBJECTIVES AND OUTCOMES Knowledge and understanding This module develops a...

Words: 1810 - Pages: 8

Premium Essay

Accounting Information Systems

... |Accounting Information Systems I | Copyright © 2009, 2007, 2005, 2004, 2003, 2001 by University of Phoenix. All rights reserved. Course Description This course is designed to provide accounting students with the proper mix of technical information and real-world applications. Areas of study include fundamental concepts and technologies (what computers can do for business), the Internet, intranets, electronic commerce, information systems development, basic project management principles, decision support systems, and the benefits of computer and human synergy. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Bagranoff, N. A., Simkin, M. G., & Strand, C. S. (2008). Core concepts of accounting information...

Words: 3264 - Pages: 14

Premium Essay

Sylabiss

...Syllabus School of Business ACC/340 Version 4 Accounting Information Systems I ACC/340 Schedule 10/10/2013 – 11/07/2013 Campus: Puerto Rico Campus Group ID: BA0913RE 3 Credits 36 Hours Copyright © 2009, 2007, 2005, 2004, 2003, 2001 by University of Phoenix. All rights reserved. Course Description This course is designed to provide accounting students with the proper mix of technical information and real-world applications. Areas of study include fundamental concepts and technologies (what computers can do for business), the Internet, intranets, electronic commerce, information systems development, basic project management principles, decision support systems, and the benefits of computer and human synergy. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Bagranoff, N. A., Simkin, M. G., & Strand, C. S. (2008). Core concepts of accounting information systems (10th ed.). New York...

Words: 2552 - Pages: 11

Premium Essay

Mba Course Overview

...Define the components of an enterprise information systems architecture. Characterize the connections between transaction cycles, internal controls, and computer security. Describe key segments or types of systems that provide the wide range of consumer and commercial financial products and services. Research current trends in the global evolution of these large-scale systems, and project how these systems may develop further in the future. CLASS OVERVIEW AND GRADING Class participation: 20% Case Analysis: 80% REQUIRED TEXT: Core Concepts of Accounting Information Systems, 12th Edition by Mark G. Simkin, Carolyn A. Strand Norman ISBN 978-1-118-02230-6 November 2011, ©2012 IMPORTANT REMINDERS Since this class only meets four times, over two weekends, it is very important to attend all sessions and be prepared with all readings and homework. PRE-CLASS ASSIGNMENT for Weekend #1: ** In addition to the text reading, please bring an article concerning challenges in Accounting...

Words: 412 - Pages: 2

Premium Essay

Aacc 291

...ACC203 ACCOUNTING INFORMATION SYSTEMS T0214 Section 1: General Information 1.1 Administrative details: |Associated HE Award(s) |Duration |Level |Subject Coordinator | | B Bus (Accg); B Bus (Mgt & Finance) |1 trimester |Level 2 | Richard Chang | | | | |richard@koi.edu.au | 1.2 Core / elective: This is a core subject for B Bus (Accg) and an elective subject for B Bus (Mgt & Fin) 1.3 Subject/unit weighting: Indicated below is the weighting of this subject/unit and the total course points. |Subject Credit Points |Total Course Credit Points | | 4 |BBus(Accg) 96; BBus (Mgt & Finance) 96 | 1.4 Student workload: Indicated below is the expected student workload per week for this subject/unit: |No. timetabled hours/week* |No. personal study hours/week** |Total workload hours/week*** | |4 hours/week |5 hours/week |9 hours/week | |2 hour Lecture + 2 hour Tutorial...

Words: 3902 - Pages: 16

Premium Essay

Actg 3120 Course Outline

...of Business York University Winter 2014 Course Outline ACTG 3120.3.0 : Intermediate Financial Accounting II Section: T Class: Tuesdays, 11:30am – 2:30pm Lab: Wednesdays, 5:30pm - 7:00pm Instructor Liz Farrell (416)736-5063 or (416)736-2100, ext. 66522 S345 Seymour Schulich Building efarrell@schulich.yorku.ca Office hours: Mondays, 8:00 - 8:30 am Tuesdays, 10:30 - 11:30 am Wednesdays, 8:00 - 8:30 am Secretary Filomena Petrilli 416-736-5063 S344K Seymour Schulich Building fpetrill@schulich.yorku.ca Brief Description This is an extension of SB/ACTG 3110.03, but with a primary focus on the valuation and presentation of liabilities and owners' equity. Major topics include current, long-term and contingent liabilities; leases; pensions; corporate income tax allocation; capital transactions, earnings per share and analysis of financial statements under differing accounting policies. The criteria by which both preparers and users make decisions are emphasized. Prerequisite[s] / Co-requisite[s] Note: Not available to exchange students visiting Schulich. Prerequisite: SB/ACTG 3110 3.00 Course objectives and detailed description The objective of this course is to provide students with an indepth understanding of the accounting for the liabilities and equities side of the balance sheet. This includes both international accounting standards (Part I of CICA Handbook) and the accounting standards for private enterprises (Part II of CICA Handbook). This course is the continuation of...

Words: 5303 - Pages: 22

Premium Essay

Rest

...INFORMASI AKUNTANSI(ACCOUNTING INFORMATION SYSTEM) ECAU607202 SEMESTERI 2015/2016 No. | Lecturers | | E-mail | | | | | | | | | | | | | | | | | Subject Code | ECAU607202 | Subject Title | Accounting Information System | Credit Value | 3 | Pre-requisite/Co-requisite/Exclusion | Introductory to Accounting 2Management Information System | Role and Purposes | This subject provides students with an understanding of various business cycle in a company, system documentation techniques to document those cycles, documents and information flow within each cycle and internal control required in each cycle. Students will be required to attend a computer laboratory class to learn system documentations techniques and basic database design. | Subject Learning Outcomes | Upon completion of the subject, student will be able to:Technical competence: in Governance, Risk Management and Internal Control a. Analyze the components of internal control related to financial reporting (T4) * Understand the accounting information system and its position in an organization’s information system * Understand various system documentation techniques * Apply system documentation techniques to describe an accounting information system in an organization * Differentiate the general audit and the IT audit * Understand internal control principles in an organization * Understand the business cycles in a company (in general) * Analyze an accounting information...

Words: 853 - Pages: 4

Free Essay

Acc 556

...+ - ACC 556 – Forensic Accounting Week Four Team C Reflections Week five material focused on the impact accounting principles have on detecting fraud as well as the financial statement fraud schemes that have been committed in recent years. Helen found course materials and discussion on financial statement fraud gave me a pause. I was aware of the fact that it is possible to manipulate financial results and make operations appear successful to lenders and investors, while quite the opposite may just as well be true, but I did not realize how wide spread is the problem (746 cases being investigated by FBI as we speak which means there are a lot more out there yet to be uncovered or will never be uncovered or prosecuted). Stories of companies overstating revenues by millions and billions of dollars seem to be common nowadays. I would think that if not for SEC oversight, even more companies would commit financial statement fraud. If I were an investor or a lender I would certainly want to study financials and accompanying notes and disclosures to financial statements of the company I am considering to invest in, I would compare their ratios between fiscal years (especially changes in days in accounts payable and receivables, changes in inventory versus sales, changes in reserves for doubtful accounts and obsolete inventory), I would also compare their performance with other companies in their field. Any sudden growth or performance that meets analyst’s forecasts is now would...

Words: 910 - Pages: 4

Premium Essay

Information

...RSM 322 2015 F -2016W | Case Writing Guidance and Detailed Syllabus | D.L. Losell | Table of Contents 1. Required Reading for Topics page 2 2. Cases for Presentation page 4 3. How to prepare a case page 5 4. How to present a case page 9 5. How a case will be evaluated page 11 6. Note on use of historical hindsight page 12 RSM 322 Required Reading for Topics A. Review of the syllabus, responsibility centers and an introduction to case analysis Chapter 5 Part A :Responsibility Accounting E book reading: Sample case – BW Manufacturing company Case Writing Package 2015/16 ( See course web page) B. Introduction to Case Analysis, the importance of cash flow and income, and the relationship between strategy and cost management Chapter 4: Organizational Architecture E Book Readings #1 Cash Budgeting/ Cash management #2 Statement of Cash Flows #3 Note on Cash Flow Statement Handout # 1 on Strategy C Control in an Engineered Cost Centre Chapter 14 : Part A Management Accounting in a Changing Environment, Integrative Framework Chapter 14 Part B Organizational Innovations and Managerial Accounting, Sections 1 – 3 (TQM, JIT ) Handout #2 on Variance Analysis ( Mix and Yield variances) Handout #3 on Theory of Constraints and Tach Time ...

Words: 2633 - Pages: 11

Free Essay

Is and Work Group

...Module 1 Topic The Accounting Environment: What is Accounting and Why is it Done? Activities Readings: Chapter 1 LO 1, 2, 3, 4, 5, 6 pages 1 - 23 Assignments: Lyryx Online Homework Assignment: Lab 1, Chapter 1 E1-3 (LO 2), E1-8 (LO 6) P1-6 (LO 1,2), P1-9 (LO1, 2, 6) P1-13 (LO 6), P1-16 (LO 1,2, 3) Due by Sunday, January 20 at 11:00 pm Tests/Exams: (None) Session 2 (January 19, 2013) Module 2 Topic Financial Statements: A Window on an Entity Activities Readings: Chapter 2 LO 1, 2, 3, 4, 5 pages 32 - 60 Assignments: Lyryx Online Homework Assignment: Lab 2, Chapter 2 Chapter 2 E2-1 (LO 2), E2-19 (LO 1, 5) E2-10 (LO 1, 3), P2-18 (LO 3, 4) E2-18 (LO 5), E2-20 (LO 1, 4) CASE: P1-19 (p. 31 LO2,3) Due by Sunday, January 27 at 11:00 pm Tests/Exams: (None) Session 3 (January 26, 2013) Module 3 Topic The Accounting Cycle Activities Readings: Chapter 3 LO 1, 2, 3, 5, 6 pages 88 - 140 Assignments: Lyryx Online Homework Assignment: Lab 3, Chapter 3 Chapter 3, Part 1 E3-5 (LO 2, 5), E3-8 (LO 2) E3-9 (LO 5), E3-2 (LO 2, 5) CASE: Kenaston Convenience Store Due by Sunday, Feburary 3 at 11:00pm Tests/Exams: (None) Session 4 (February 2, 2013) Module 4 Topic The Accounting Cycle (Adjusting Entries) Activities Readings: Chapter 3 LO 4, 5,6 pages 94-140 Assignments: Lyryx Online Homework Assignment: Lab 4, Chapter 3 Chapter 3 Part 2 E3-1(LO 4), E3-7 (LO 4) E3-16 (LO2, 4,5) CASE: Sundre Trucking Inc. (P3-16...

Words: 951 - Pages: 4