Wednesday, November 19, 2008
6 a.m. – Alarm goes off.
6:20 a.m. – Roll out of bed to get ready for school.
7:10 a.m. – Grab hastily assembled lunch and backpack, hop in the car, and race down to campus (twenty minute commute from my house).
7:45 a.m. – Arrive on campus, kiss wife goodbye, stop by locker in the library (free lockers in the PCL are brilliant!) to pick up folder for Intermediate, log onto library computer to quickly check Google News.
8 a.m. to 9:15 a.m. – Learn about accounting for capital leases from the lessor’s and the lessee’s perspective. Professor Koonce thinks SFAS 13, which covers leases, is one of the worst accounting statements in existence because companies can easily adjust their lease terms to allow for their accounting alternative of choice. Continue reading Day in the life