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  1. 1. COLLEGE OF BUSINESS & PUBLIC AFFAIRS Summer Semester 2008 Course Data Course Number: Accounting 490 / Finance 313 Course Title: Analysis of Financial Statements Term, Level and Credit: AY 2007-2008, undergraduate, 3 credit hours Course Description: An in-depth study of current financial reporting practices; analysis and interpretation of corporate financial statements. The course includes an extensive review of financial accounting concepts. Course Prerequisites: Accounting 301 or Finance 301 or concurrent enrollment in Accounting 301. Course Text and Required Material: Understanding Financial Statements - Lyn M. Fraser & Alleenn Ormiston - 8th ed., Pearson Prentice Hall College Mission: The College of Business and Public Affairs, consistent with the overall Mission of The University of Tennessee at Martin, develops graduates whose skills, innovative abilities and ethical standards contribute to a diversified and dynamic society. With a primary focus on teaching, the College emphasizes quality undergraduate and graduate instruction and faculty commitment to student and regional development. Programs are delivered in an environment that encourages a broad understanding of the forces shaping global social, political and economic change. The College promotes and supports cooperative alliances with stakeholders and outstanding teaching, research, and service. BSBA Learning Goals related to the CBPA Mission: Graduates of the BSBA program will have demonstrated the following BSBA learning goals in this course: BSBA 2 demonstrate an understanding of the ethical aspects of business. BSBA 3 demonstrate competence in appropriate technology in business. BSBA 4 demonstrate effective verbal and written communication skills. BSBA 6 demonstrate competence in the Accounting major and/or Finance major. Expected Student Outcomes: The study of Advanced Accounting has as its objective to provide the student at the conclusion of the course with an understanding of: 1. current financial reporting practices , 2. analysis of the Balance Sheet, 3. analysis of the Income Statement, 4. analysis of the Cash Flow Statement, 5. methods of financial forecasting, 6. tools of credit analysis, and 7. tools of equity analysis. Accommodations for Disability: Any student eligible for and requesting academic accommodations due to a disability is required to provide a letter of accommodation from Disability Services, Clement 203 (XX7605), within the first two weeks of the semester.
  2. 2. Class Data Instructor: Richard B. Griffin Semester: Summer 2008 Office: 304 Clement Hall Phone: (731) 881-7308 E-mail: Fax: (731) 881-7241 Web: Relationship to Major The course helps to meet the goals of the accounting and finance curricula in the following ways: Field Goals: 1. Prepares students for positions in public, private accounting - Financial Statement Analysis is part of Financial Accounting one of the critical areas of the accounting profession; Accounting 490 / Finance 313 helps the student gain knowledge in that area. 2. Serves as an excellent pre-law major - The logical skills learned in Accounting 490 / Finance 313 will be applicable to the study of law. 3. Provides a background for the CFA, CIA, CMA, and CPA examinations - The course addresses the financial theory area in general. Since Accounting 490 / Finance 313 is the study of business financial analysis, the course specifically addresses the issues covered on the CFA, CPA and CMA exams. 4. Prepares students for graduate study in accounting and business administration - The course addresses this goal through the development of study habits and logical skills which will be valuable in graduate school. Course Requirements: 1. Students are responsible for reading each chapter and preparing assignments from the text. Each chapter should be read before it is covered in class. All assignments are due at the start of class on the date they appear on the assignment sheet and will not be accepted late. 2. There will be three scheduled exams. If for any reason a student cannot attend a regularly scheduled exam, it is the student's responsibility to contact the instructor prior to the time of the exam. It will be determined by the instructor if the student qualifies to take a make-up examination. Exams one and two may be not made up. Instead, if you miss one of these exam periods, your grade on the third exam will be substituted for the missed exam. If you miss two exams, you will receive a zero on the second exam. To make things fair for those who take all exams, your third exam performance will be compared with your first and second exam scores. If the third exam score is higher, that either score, it will be substituted for one (only) score on the first or second exams when your course grade is computed. 3. The grade distribution for the course is: A = 90% or above B = 80% to 89% C = 70% to 79% D = 60% to 69% F = 59% or lower Attendance Policy: All students are expected to attend class and to participate in classroom discussion. Excessive absences will result in the lowering of one's grade by one letter grade. Two or more excused or unexcused absences is excessive. Homework/ /Financial Report Policy: All homework is to be done of the computer using Excel and/or Word. The homework is to be turned in on computer paper with you name on the outside of each problem at the beginning of class on the date the assignment appears on the assignment sheet unless otherwise instructed by
  3. 3. the instructor. If you are not going to be in class work should be turned in ahead of time or faxed or e-mailed as an attachment before the start of that class. No homework will be accepted late. In Class Assignment: All in class assignments will be turned in during the class given and may not be made up if you are absent. Financial Report Policy: The Financial Report must be turned in on the dates shown and shall be computer generated. Test Policy: Electronic dictionaries, cell phones, and/or hand held computers will not be permitted. Each student’s grade will be determined not only by the students accounting knowledge, but also by their ability to use Excel in working some of the problems. Quiz Policy: Quizzes will be given throughout the semester unannounced and may not be made up. The quizzes count 12% of your grade. At least two will be dropped. Those students arriving late to class will not be allowed to take the quiz if it has already been handed out. If one leaves after taking the quiz before the end of the class period the quiz will not be counted. Grades: Final grades will be determined as follows: First Exam 20% Second Exam 20% Final Exam 20% Financial Report 13% Homework & in Class Assignments 15% Quizzes 12% 100% A grade of at least a "C" must be earned in each accounting course taken after summer 1995 which will be counted towards graduation requirements as an accounting major. Retake of Final Examination: University policy provides "that a senior who fails one subject during the semester of his/her intended graduation shall have the privilege of standing examination at the opening of or during the next semester. If he/she is successful, he/she will receive his/her degree at the next commencement." Academic Honesty: Academic honesty is expected in this class. Failure to adhere to this standard will result in an “F” in the course. The student caught cheating may be subject to additional disciplinary actions.
  4. 4. Tentative Class Schedule Date Chapter Topic Assignment BSBA Goals Addressed June 2M 1 Introduction to Analysis of Financial Statements 3T 1 Volume of Information 4W 1 Complexities 1.12 BSBA 2, 3 & 4 5R 1 Quality of Financial Reporting 6F 2 Assets Case 1.2 BSBA 3 & 4 9M 2 Liabilities 2.7 BSBA 3, 4 & 6 10 T 2 Stockholders' Equity 2.14 BSBA 3, 4 & 6 11W 2 Other Balance Sheet Items 12 R 3 The Income Statement 2.18 BSBA 3, 4 & 6 13 F Exam Chapters (1 through 2) 16 M 3 The Income Statement 3.10 BSBA 3, 4 & 6 17 T 3 Statement of Stockholders' Equity 18 W 4 Statement of Cash Flow C3.2 BSBA 3, 4 & 6 19 R 4 Types of Activities 4.1 & 4.2 BSBA 4 & 6 20 F No Class – Company Report Time 23 M 4 Direct vs. Indirect Method Company Balance Sheets Dollar & Common Size 24 T 5 A Guide to Earnings 25 W Exam Chapters (1 through 4) 26 R 5 Financial Reporting Quality 5.8 27 F 5 No Class – Company Report Time 30 M 6 Objectives’ & Sources Company Income Statements Dollar & Common Size July 1T 6 Tools & Techniques 6.6 BSBA 3, 4 & 6 2W 6 Analyzing the Data Report Due BSBA 2, 3, 4 & 6 3R FINAL EXAM Chapters (1 through 6)