MBA Financial Statement Analysis Elective

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• MBA Financial Statement Analysis Elective
• Shiva Rajgopal
• University of Washington Business School
• April 2007

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Acc 510 General

• General goals of the class
• To make you footnote literate
• To enable you to appreciate the use and abuse of
  accounting discretion by managers
• Skills to unravel earnings management
• Offered in Autumn 2007

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Acc 510 Topics covered

• Why do managers manage earnings?
• Interaction of accounting policies with strategic
  production/investment and financing decisions.
• Prepare as if financial statements under
  alternative accounting policies.
• Deferred taxes, Pensions, Stock Options, Leases,
  Revenue Recognition Policies, RD, Asset
  Recognition and Impairments, MA accounting.
• Course is entirely case-based
• Offered in Autumn 2007

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Acc 510 Student Feedback

• Work involved is intense but rewarding!
• I took a great course in financial statement
  analysis with Shiva Rajgopal. He taught me a lot,
  but his exams were brutal. Taking Shiva's class
  was me eating my spinach (I do like spinach, by
  the way).. -
• Cintra Pollack, MBA journal, Business Week
  Online (March 2005)

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Acc 511

• Builds on Acc 510
• More synthesis, less analysis unlike 510
• Goals are to enable you to appreciate what
  financial statements can tell you about
• Future profitability of a firm
• Earnings and Balance Sheet quality
• Executive compensation and governance quality
• Expose you to accounting-based valuation
  techniques
• Offered in Spring/Winter 2007

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Acc 511 Student Feedback

• Just wanted to let you know how much I enjoyed
  the Advanced Financial Statement Analysis class
  last quarter. It was topical and thought
  provoking, and the casual format lead to some
  really eye-opening discussions.
• I can't open the WSJ without spotting something
  we covered in class -- pension liabilities,
  option expensing, corporate governance. It was
  really quite a broad and thorough education.
• Mike Rogoway, MBA class of 2004