COURSE NUMBER: ACCT 240 - 004
TERM/YEAR: Fall 2008
Principles of Financial Accounting
12:45 p.m. – 2:00 p.m. Tuesdays and Fridays
Ward Room 102
Emily L. Lindsay, CPA
Kogod School of Business, Room 10
EMAIL Lindsay@american.edu (best way to contact me)
Mondays and Thursdays
5 p.m. to 6 p.m.
Tuesdays and Fridays
10 a.m. to 12 p.m.
and by appointment
Required Primary Text: Financial Accounting by Robert Libby, Patricia Libby, and Daniel
G. Short, published by McGraw-Hill, 2009 (6
Study Guide to accompany textbook
Wall Street Journal and/or Washington Post
OTHER REQUIRED SUPPLIES:
All students must have a simple calculator for use in exams for ACCT 240. Calculators
that store text material (i.e., calculators that include keys for the full alphabet) are not
permitted to be used during exams for this course.
Principles of Financial Accounting introduces accounting as the fundamental world-wide
language of business. The course focuses on the universal financial accounting model
including the analysis and recording of transactions and the development and use of basic
financial statements. The course also discusses contemporary issues including ethical, legal
and professional topics as well as implications of the global economy, information
technology, and modern management practices.
The course provides students with an introduction to financial statements and the analyses
used by firms to measure financial strength, to assess managerial performance, and to
communicate with various stakehol