This six-week summer course teaches basic concepts of corporate financial accounting and reporting. This information is widely used in making investment decisions, corporate and managerial performance assessment, and valuation of firms. Students perform economics-based analysis of accounting information from the viewpoint of the users of accounting information (especially senior managers) rather than the preparer (the accountant). This course is restricted to MIT Sloan Fellows in Innovation and Global Leadership.

Our goal is to help you develop a framework for understanding financial, managerial, and tax reports. The course goal is divided into five subordinate challenges that can help you organize the way you learn accounting:

The record keeping and reporting challenge
The computation challenge
The judgment challenge
The usage challenge
The search challenge

The course adopts a decision-maker perspective of accounting by emphasizing the relation between accounting data and the underlying economic events generating them. Restricted to first-year Sloan MBA students.
Acknowledgements
Acknowledgment is hereby given to Professor G. Peter Wilson for his authorship of the following content in this course:

The Five Challenges (see Syllabus and Lecture 1)
“What Do Intel and Accountants Have in Common?” (see Lecture 1)
A Conceptual Framework for Financial Accounting (see Lecture 1)

Taxes can be a dry topic, but chances are that at some point, you’re going to have to file them! Read on for some tips and tricks regarding taxes that a typical young person must file.

This resource is a video abstract of a research paper created by Research Square on behalf of its authors. It provides a synopsis that's easy to understand, and can be used to introduce the topics it covers to students, researchers, and the general public. The video's transcript is also provided in full, with a portion provided below for preview:

"Can your country’s tax laws help you find true love? A research team based in Europe has found that a government’s tax scheme surrounding marriage could affect a couple’s decision to tie the knot. The majority of countries across the globe have a tax code that changes according to marital status -- usually in the form of either a tax penalty or tax bonus. With a penalty, a couple will end up paying more in taxes than two similarly compensated single individuals, and with a bonus, they will pay less. To get to the heart of whether the financial implications connected to such tax laws influence a couple’s desire to get married, the researchers applied a rigorous theoretical model they called the marriage proposal game. In the game, two potential spouses – Sam and Robin – can either get married, live together without formal marriage, or break up..."

The rest of the transcript, along with a link to the research itself, is available on the resource itself.

In this course, your students will play the role of a freshman lawmaker in the U.S. House of Representatives trying to serve his or her constituents' goals and the long-term goals of the United States. Along the way, they'll learn about the federal budget process and how federal government initiatives and programs are funded.

Students engage in an activity that matches programs for low-income people with the type of economic inequity the program addresses and observe an activity simulating tax payments and transfers.

If you were a government official trying to raise revenue, who would you tax? Pick whether to tax cigarettes, luxury goods, or oil and gas in this interactive game and Professor Art Carden of Samford University will explain how the market will react.

When regulating pollutants, is it more important to consider the science or the economics of the environment? Using the booming shale gas and oil industry as a case study, find out in the March 2019 Issue of Page One Economics how an understanding of the STEM fields and economics can be combined to create environmental policies that balance firm profits with environmental health.

Federal individual income tax must be paid to the U.S. government, but the amounts paid vary widely. The December 2016 issue of Page One Economics: Focus on Finance addresses basic facts about the tax—its history, purpose, and current structure.

The federal individual income tax is certain. The December 2018 issue addresses basic facts about the federal individual income tax and the new changes in taxation laws in the 2017 Tax Cuts and Jobs Act.

Students analyze W-4 forms and pay stubs in order to better understand payroll taxes and federal income tax withholding.

Thinking about whether limited liability or double taxation is fair. Created by Sal Khan.

It's Your Paycheck! is designed for use in high school personal finance classes. The curriculum contains three sections: "Know Your Dough," "KaChing!" and "All About Credit." The lessons in each of these sections employ various teaching strategies to engage students so that they have opportunities to apply the concepts being taught. Each lesson includes black-line masters of the handouts and visuals needed to teach the lesson.

It's Your Paycheck! is designed to introduce personal finance content. Course participants learn about a variety of personal finance topics including the link between education and income, budgeting, the benefits of saving, and credit reports. These learning modules will help participants make sense of W-2s, W-4s, pay -day Loans and APRs in an interactive online format. It's Your Paycheck! consists of nine individual programs that can be used together or individually to enhance personal finance learning.

This is a JiTT exercise in which students apply introductory-level macroeconomic analysis to the question of how large the stimulus package put forward to Congress in early 2009 needed to be to close the recessionary gap facing the U.S. economy at that time. In particular, this exercise asks students to bring together the concepts of potential and actual GDP, recessionary gaps, fiscal policy, spending and taxing multipliers, and effects of changes in aggregate spending on employment and output.

Much of 15.617 focuses on mergers and acquisitions (M&A), and the law-sensitive aspects of financial services and financial markets. The course is designed to be an introduction to business law that covers the fundamentals, including contracts, liability, regulation, employment, and corporations. This class also provides an in-depth treatment of the law of finance.

In this lesson, students will learn essential information about taxes and how they impact enrolledmembers of federally recognized Native American Tribes. Many people believe that Native Americans do not pay taxes and therefore should not benefit from federal and state tax-supported programs. This lesson debunks that myth and helps students understand the complex interrelation between state, federal, and Tribal governments and tax systems. Students will also complete a math exercise using piecewise functions to analyze and calculate federal and Oregon state income taxes. The lesson can stand on its own or serve as a complement to or extension of other math lessons. 

This course provides an introduction to public policy analysis. It is designed for students who may be planning a career in public or non-profit sectors. The primary goal is to help students understand the implications of public policy for different pursuits. The class examines various approaches to policy analysis by considering the concepts, tools, and methods used in economics, political science, and other disciplines. Students apply and critique these approaches through case studies of current public policy problems.