Accounting/Budgeting/Lib Arts

Accounting, Budgeting, and the Liberal Arts
Accounting is the lingua franca of commercial and financial activity, and applies equally to corporations, non-profits, and governments. In this course we will learn the basic concepts and standards underlying the accounting language including: revenue recognition, inventory, long-lived assets, present value, long-term liabilities, and financial statements. We then turn to the application and use of accounting information in forecasting, operating, and measuring an enterprise. These managerial accounting concepts are used to develop budgets and evaluate results. Our understanding of accounting and financial statements is needed to understand how business interrelates with society, and to answer a range of economic questions such as new product profitability, how to measure and motivate staff and predicting whether Chicago will follow Detroit into bankruptcy. There will be a significant project to apply the concepts and tools we have developed. Professor David Colander will be assisting with the class, giving occasional lectures, and connecting the class to broad liberal arts themes. (ECON 0155) 3 hrs. lect., 1 hr. lab
Requirements Fulfilled:
Equivalent Courses:


Fall 2017

INTD0316A-F17 Lecture
INTD0316B-F17 Lecture
INTD0316Z-F17 Lab

Fall 2016

INTD0316A-F16 Lecture (Schozer)
INTD0316B-F16 Lecture (Schozer)
INTD0316Z-F16 Lab (Schozer)

Fall 2015

INTD0316A-F15 Lecture (Schozer)
INTD0316B-F15 Lecture (Schozer)
INTD0316Z-F15 Lab (Schozer)

Fall 2014

INTD0316A-F14 Lecture (Pardee, Colander)
INTD0316Y-F14 Lab (Pardee, Colander)
INTD0316Z-F14 Lab (Pardee, Colander)

Fall 2013

INTD0316A-F13 Lecture (Pardee, Colander)
INTD0316X-F13 Lab (Pardee, Colander)
INTD0316Y-F13 Lab (Pardee, Colander)
INTD0316Z-F13 Lab (Pardee, Colander)