Spring 2010 MBA Course

B6013-002: Accounting I: Financial Accounting

TR - Accounting, 09:00AM to 10:30AM

Location: URI 142

Instructor: Urooj Khan


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Financial statements are meant to enable the reader to evaluate the performance of an enterprise, analyze its cash flows and assess its financial position. Recently, widely publicized cases of misleading statements, which were nevertheless attested as to their fairness by outside auditors, resulted in improper revenue recognition, overstatement of income and misrepresentation of financial position. There is now a growing awareness of the importance of honest reporting as the foundation for investors’ confidence in the integrity and proper functioning of the financial markets.

This course examines the generally accepted accounting principles [GAAP] underlying the financial statements, their implementation in practice and the role of the independent auditors. Note is also made of the limitations of financial reports, their evolution in response to changing business conditions, current accounting controversies and the constraints that limit the freedom and influence the course of action of rule makers and regulators. The perspective and main focus are not those of the accountants who prepare financial reports, but rather those of the users of the information contained in them: mostly investors and the financial analysts who serve them, creditors and, to some extent, management.



Urooj Khan

Assistant ProfessorUrooj's research focuses on fair value accounting, financial institutions, standard setting, and disclosure. In his research on fair value accounting, he examines the role of fair value accounting in banking crises and whether fair value accounting increases the risk of systemic failure of the banking sector. He also investigates whether the use of fair values in financial reporting enhances the predictive ability of accounting earnings...

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