This course provides an introduction to financial statements and the financial reporting process from a user's perspective. The focus of the course is on fundamental accounting concepts and principles. Students learn how the economic transactions of a firm are reported in the financial statements and related disclosures. The objective of the course is to provide students with basic skills necessary to read and analyze financial statements as well as to prepare students for more advanced financial statement analysis courses.

Classes combine interactive lectures and discussions about financial accounting concepts and practice. A number of cases involving corporate financial statements are used to illustrate accounting concepts and to explore disclosure strategies of companies. Students are expected to complete assigned problems, readings, and cases in preparation for each class.

1. Hardcopy: The hardcopy textbook can be purchased though the following
   link:
   The hardcopy textbook package includes: both the customized hard and electronic versions (eBook) of 8th Edition of Financial Accounting by Libby, Libby, Short (published by McGraw-Hill, ISBN# 1259379663); and Access to the McGraw-Hill Connect Assignment System (“Connect”).
   
2. Electronic: Includes an eBook copy of the text as well as access to Connect. You can purchase the eBook directly from the Connect website accessed through Canvas.

After purchasing the text, you are required to register on the Connect website. To do so, access the Connect system through “Canvas” (log in to canvas.uchicago.edu, click on “Homework Assignments”, “Week1”, “Graded Homework-Chapter 1”, and “Register”; enter your email and the Access Code that accompanied the textbook).

• No auditors

• No pass/fail grades