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BADM 622

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  • 1. BADM 622 Financial Accounting, Reporting and Analysis Spring 2002 Dr. Dick Riley Class Meetings: MW 6:00pm – 8:50pm, 441 B&E Office: B&E 303 Phone: 304-293-7849 E-mail: Office Hours: MW 5:30pm – 6:00pm richard.riley@mail.wvu.edu MW 8:50pm – 9:30pm (With notice) Other Times – By Appointment Course Prerequisites: Acceptance into MBA program Course Description: The course encompasses the following topics: (1) Development and preparation of financial statements, including the balance sheet, income statement, statement of retained earnings and statement of cash flows. (2) Investigation of the underlying conceptual/theoretical foundation of accounting information. (3) Analysis of business transactions, including operating, investing and financing activities and their affect on financial statements. (4) Analysis of financial statements as a basis for decision making, including assessing the quality of the financial statements. Required Text: Ingram and Baldwin, Financial Accounting: Information for Decisions, 4th Edition Supplemental Reading: The Wall Street Journal and Other Business News Sources Extensive Use of Internet Sites Discussed in Class Course Objectives: In general, BADM 622 is concerned with the production and analysis of financial information, information used by external stakeholders for planning, control and decision making. Upon completion of BADM 622, EMBAs should understand financial statements, understand how business transactions affect financial statements, understand how accepted accounting choices affect the numbers presented in financial statements and analyze financial statements as a basis for decision making. The initial portion of BADM 622 includes a conceptual introduction to assets, liabilities, stockholders equity, revenues and expenses as well as the impact of operating, investing and financing transactions on cash flow, income determination, the balance sheet and retained earnings. In addition, many transactions can be accounted for using alternative methods that are considered “generally accepted accounting principles (GAAP)” by the accounting profession. As a result, financial statements and related disclosures for different companies may appear different when, in fact, they are economically equivalent.
  • 2. Therefore, to understand the numbers contained in financial statements, one must understand the process by which accounting numbers are generated. In some cases, the choice of accounting policies is affected by ethical considerations. When applicable, these ethical considerations will be discussed during classroom sessions. Finally, because financial accounting and disclosure are only a portion of the information set utilized by decision-makers, the course will include a financial statement project where companies in the same industry are compared. As part of this project, students are required to analyze financial statements for one company and gather additional information from sources other than the financial statements. Details related to this project will be provided later in the course. Attendance Policy: Regular attendance at all class periods is very important to your success in comprehension and application of the course material. Attendance at all classes is expected. Grading Policy: Points (1) Exam The Accounting Model 100 (2) Project Financial Statement Analysis 100 Total 200 The following grading scale will be used to assign grades at the end of the semester: Grade Interpretation Points Percentage A Excellent 180 90% B Good 160 80% C Satisfactory 140 70% D Poor 120 60% F Below 120 Below 60% Exams: Exams will cover the material presented in the required text and classroom discussion. Financial Statement Project: As part of the learning experience, EMBA participants will analyze financial information for one public company. This project will proceed in phases where EMBA teams (of two / three persons) analyze the balance sheets, income statements and statements of cash flows of the assigned companies. Students will download copies of the companies’ annual reports. The annual reports will be supplemented with investment analyses from Standard & Poors and Value Line, recent news stories from the financial press and the internet, industry and key competitor information from various sources and recent quarterly information from EDGAR (available on the internet). Students will be provided with a series of questions and the responsibility to analyze the information and present a formal business analysis related to the investment potential of the company.
  • 3. Topical Outline and Assignments The Accounting Model Class Chapter Description Periods 1, 2, 3 1 – 3, 5-6 The Accounting Model Introduction: Financial Statement Project 4 1 – 3, 5-6 The Accounting Model Exam Financial Statement Analysis 5, 6, 7 8, 9 Introduction to Panera / Starbucks Financing Activities Analysis and Quality of Financial Reporting 7, 8, 9 10, 11 Investing Activities Analysis and Quality of Financial Reporting 9, 10 12, 13 Operating Activities Analysis and Quality of Financial Reporting 11 Groups Financial Statement Analysis Presentations (Joint 25 minutes per presentation Session) West Virginia University is committed to social justice. I concur with that commitment and expect to foster a nurturing learning environment based upon open communication, mutual respect, and non-discrimination. Our University does not discriminate on the basis of race, sex, age, disability, veteran status, religion, sexual orientation, color, national origin or any other basis. Any suggestions as to how to further such a positive and open environment in this class will be appreciated and given serious consideration. If you are a person with a disability and anticipate needing any type of accommodation in order to participate in this class, please advise me and make appropriate arrangements with Disability Services at 293-6700.
  • 4. Exam 3-6-02