2 Semester Unit

Financial accounting is the fundamental language used to express the economic realities of complex financial topics, such as asset impairments, leases, and deferred taxes. Understanding this language is crucial for converting financial statement data into decision-enhancing information and expressing strategic business plans and investment ideas in a powerful and convincing way. The course is designed to develop sophisticated users of financial accounting information and will benefit any student (from poet to rocket scientist) who desires to increase his or her ability to understand and profitably exploit financial information. The goal of this class is to enable you to have a deep understanding of the advantages and the limitations of using the accounting model to track firm performance. The class is user-oriented as opposed to preparer-oriented, and is useful for anyone who will be using financial statement information as an input into economic decision-making. This course assumes that you are comfortable with the materials covered in the introductory financial accounting class, and will be taught in English. The exams are in English but you can provide your answers either in English or in Hebrew.