College of San Mateo

Financial Accounting 121

Rosemary Nurre

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 Financial Accounting - 121

Course Description:

This course covers the fundamentals of financial accounting in accordance with generally accepted accounting principles (GAAP). This includes the identification, measurement, and reporting of the financial effects of economic events on enterprises. Financial information is examined from the perspective of effective managment decision-making. Related theory and application will also be reviewed. You are expected to have a good understanding of MS Word and Excel.

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Master the Basics:  Netiquettee


This is a hybrid class which means that we meet every other week online. When we meet 'live' the classes will follow a traditional format. When we meet 'online' you should review the lecture notes at Web Access and/or by clicking on the assignments button. The links to the powepoint slides are located at the end of this page. There will be brief lectures dealing with both text and non-text material. You are encouraged to ask questions regarding the reading material or topics pertinent to our class discussion. Class meetings may include a topical discussion of current events or situations touching upon ethical, political, and economic conditions affecting the internal and external environment of a business. Primarily we will focus on application of accounting data and its use in decision-making. You will have several opportunities to review problem material with the class individually and as part of a group. You should bring your textbook and calculator to class.

Student Learning Outcomes

  • Understand how investors/creditors (external parties)analyze and use financial information to make decisions.
  • Analyze external transactions and determine their affect on the four financial statements.
  • Perform the various steps of the accounting cycle and prepare adjusted financial statements.
  • Research relevant rules and interpret them correctly in order to record and communicate transactions affecting assets, liabilities, stockholder’s equity, revenues and expenses.
  • Perform time value of money analysis using discounted cash flow techniques to calculate bond prices.
  • Professionally and effectively collaborate with peers and communicate solutions.



Required Materials:

Harrison, Horngren , Financial Accounting; (7th Edition, Prentice Hall).
ISBN-10: 0138128200 (Book with MyAccountingLab and ebook);
IISBN-10: 013612934X (Book Only);
ISBN-10: 0136154786 ( EBook w/ MyAccountingLab

You can buy the text from the CSM bookstore or from any of the sources below. Just make sure you get the 7th edition.

Some online sources for books:;;;;; ;

A semester length subscription to the Wall Street Journal is strongly recommended. Please see me for subscription form.

Other Resources:

Financial Accounting - Online - This is the website for the textbook.

Web Access

Student Writing Tips

Web Ready eb

Please visit and read about the Accounting Assistant program, the Tax Preparer program, and how to become a CPA, an Enrolled Agent, or a CTEC registered tax preparer. The website also has helpful information on how to get a job, how to write a resume, and how to earn continuing education credit.

To receive the latest information about the CSM Accounting program subscribe to our email group by sending a message to


Sources of Accounting and Financial Information
The Electronic Data Gathering, Analysis, and Retrieval system. All publicly traded domestic companies use EDGAR to make the majority of their filings. Form 10-K or 10-KSB, which include the annual report, is required to be filed on EDGAR. The SEC makes this information available on the Internet.( )

FreeEDGAR is an online service offering free access to EDGAR files with the additional ability find and extract specific financial news and information. You also can pull data directly into Microsoft Excel spreadsheets.( )

EdgarScan from PricewaterhouseCoopers pulls filings from the SEC's servers and parses them automatically to find key financial tables and normalize financials to a common format that is comparable across companies. Go directly to specific sections of the filing, including the financial statements, footnotes, extracted financial data and computed ratios. A "Benchmarking Assistant" performs company comparisons.( )

Research Tools
Wall Street Research Net
( )

MSN Stock Research
( )

Hoovers Online
( )

Bloomberg Business
( )

Financial Terms Glossary
( )

Bond Information:

All the sites below are on a menu on the site above

Accounting Resources on the Internet
comprehensive, well-organized set of links to a variety of accounting resources( )

News for CPAs
( )

American Accounting Association
( )

( )

AICPA Special Committee on Financial Reporting
( )

California Board of Accountancy

California Society of CPA's

IRS Tax Forms
All the tax forms can be dowloaded, printed, and used.( )

Stock Price Indexes
( )

( )

( )
( )

PC Quote
( )

U.S. Treasury Bill Futures
( )

Chicago Mercantile Exchange
( )


The Career Center has resume writing workshops, individual counseling, and job listings. To earn a certificate you must complete CRER 133 through the Career Center: CSM Career Center

CSM Student Employment: Get job listings by e-mail.
Get individual help in your job search.

Many CSM students have gotten jobs through Accountemps. The San Mateo office is near CSM campus at 2755 Campus Drive (near Hillsdale Blvd. and
HWY 92) Phone 574-8200

A popular job search web site: Craigs List

Job listings from San Francisco Chronicle: SF Gate