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FLORIDA INTERNATIONAL UNIVERSITY
                   Industrial and S ystems Engineering Department
 Industrial Financial D...
Text
    Warren, Carl S. (2007). Survey of Accounting 3rd Edition. Thomson South-Western: Mason
    OH. ISBN 0-324-31248-2...
Final Exam
   The Final Exam is a comprehensive “take-home” exam which must be emailed by midnight,
   Sunday, July 29. Mo...
Class Schedule and Specific Assignments

 Date        Day   Lecture             Due Friday                        Other
 J...
Financial Analyses Paper
   This paper must be emailed by midnight, July 15. Select two publicly traded companies
   withi...
Financial Analysis Paper Grading Criteria
   All sources should be duly acknowledged and references formatted according to...
Team Member Evaluation

           Date ____________                                            Team ____


              ...
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Industrial Financial Decisions Syllabus 06-2007.DOC

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Industrial Financial Decisions Syllabus 06-2007.DOC

  1. 1. FLORIDA INTERNATIONAL UNIVERSITY Industrial and S ystems Engineering Department Industrial Financial Decisions (Summer 2007 – Kingston, Jamaica) Dr. Alvaro (Al) Carreras Email alvaro.carreras@fiu.edu Tel: (305) 274-2429 Cell: (305) 788-6576 Fax: (305) 274-0741 Fri. 6 – 9 PM (June 8, 15, 22, and 29) Sat. 9 AM – 5 PM ( June9, 16, 23, and 30) Catalog Description The use of financial techniques and data planning, controlling and coordinating industrial activities. This course will familiarize the student with accounting concepts and analytical methods. Course Topics and Objectives Upon completion of this course students will be able to: • Define basic accounting concepts, terminology, and transactions. • Illustrate the accounting cycle. • Explain the importance of ethics in accounting and financial decision making. • Prepare basic financial statements. • Analyze basic financial statements using financial ratio analysis. • Interpret basic financial statements using comparative analysis. • Recognize the impact of variable costs, margins, and product profitability. • Recognize coverage of fixed and operating costs and the application of operating leverage. Educational Objectives This course supports the following ABET related educational objectives: 1. Be able to identify, analyze, and derive solutions to problems in the enterprise. 2. Demonstrate decision-making abilities under uncertainty. 3. Demonstrate leadership, communication, and teamwork skills. 4. Understand and practice ethical, professional, and social responsibility. Course Outcomes At the end of this course, the student will: a) Apply knowledge of mathematics, science and engineering. d) Function in multidisciplinary teams. e) Identify, formulate and solve engineering problems. f) Understand professional and ethical responsibility. g) Communicate effectively. i) Recognize the need for and an ability to engage in lifelong learning. j) Knowledge of contemporary issues. m) Integrate the engineering and business processes of an organization. o) Have a global perspective of enterprise. industrial-financial-decisions-syllabus-062007doc2094.doc 1
  2. 2. Text Warren, Carl S. (2007). Survey of Accounting 3rd Edition. Thomson South-Western: Mason OH. ISBN 0-324-31248-2 Course Materials PowerPoint presentations and other class material will be emailed to students or will be available on the professor’s website. Grading Policy Your grade will be determined as follows: Attendance/Participation 80 points Class Activities 60 points Homework 110 points Group Financial Analysis Paper 250 points Group Financial Analysis Presentation 100 points Final Exam 00400 points Total 1,000 points Grade Criteria How points equate to grades 930 - 1,000 A 870 - 899 B+ 770 - 799 C+ 670 - 699 D+ < 600 F 900 - 939 A- 830 - 869 B 730 - 769 C 630 - 669 D 800 - 829 B- 700 – 729 C- 600 - 629 D- Attendance / Participation Attendance will be taken at every session (Friday PM, Saturday AM, and Saturday PM). Students can earn a maximum of 5 points per session . Classroom participation is based on active involvement in discussions during the class, and I take into account both quality and quantity when doing grading. Thus, simply attending class will generally involve receiving only partial credit for participation for that class. Class Activities Students will be assigned to groups to work on 10 class activities worth 4 points each. Homework Homework must be emailed to me by the beginning of class on Friday evening. Exercises and Problems are 10 points each. No assignments will be accepted late. NO EXCEPTIONS. Financial Analyses Paper The class will be split into four groups which will prepare a Financial Analysis Paper and make a presentation on the last day of class. Details are on page 5. industrial-financial-decisions-syllabus-062007doc2094.doc 2
  3. 3. Final Exam The Final Exam is a comprehensive “take-home” exam which must be emailed by midnight, Sunday, July 29. More information on the exam will be available later in the course. Team Member Evaluation To encourage teamwork each team member will grade every member’s contribution using the form on the last page. This form will be used to adjust the team grade. For example, if a team has received a total of 240 points (out of 250), a student who averages 10/20 in the assessment would see his/her team grade drop to 120 points. This form must be emailed the week after classes end and no later than Email this with Final Exam. Academic Integrity Plagiarism as defined by the University is the use of another person’s words or ideas without adequate attribution and citation for the purposes of deception. Any plagiarism on assignments will be referred to the Florida International Honor Court for adjudication and may result in the assignment of the grade of F for the course and/or suspension or expulsion from the University. Collaboration on examinations or assignments that are expected to be individual work (such as the homework) is another form of unacceptable conduct. Candidates are expected to be above reproach in all scholastic activities. Candidates who engage in scholastic dishonesty are subject to disciplinary penalties by the faculty, including but not limited to resubmission of an assignment; reduced or failing grade for the course; repeat of a course, and recommendation for dismissal from the university. Final Comment I believe that education is an active process by the student, facilitated by the instructor. I will try to guide you in the learning process, and try to remove some potential barriers to perception. For me to be effective, YOU must be prepared to learn. This implies appropriate preparation by both of us. It is essential, then, that you prepare for learning by reading and studying the assigned material PRIOR TO class discussions. I will come to class prepared, and I expect you to do the same. You will get out of this course exactly what you put into it! I am here to help you learn. If something isn’t clear in class or is confusing you, if you feel you have been graded unfairly, or if something is bothering you about my teaching or anything else in the course, talk with me. See me before class, after class, make an appointment, send me an email, call me... in short, communicate with me! industrial-financial-decisions-syllabus-062007doc2094.doc 3
  4. 4. Class Schedule and Specific Assignments Date Day Lecture Due Friday Other Jun 8 Fri PM Ch 1 Jun 9 Sat AM Ch 2 Jun 9 Sat PM Ch 3 Jun 15 Fri PM Ch 6 Problem 1.1 Jun 15 Sat AM Ch 7 Problem 2.2 Jun 15 Sat PM Ch 8 Problem 3.1 Jun 22 Fri PM Ch 9 Problem 6.4 Jun 23 Sat AM Ch 10 Problem 7.2 Jun 23 Sat PM Ch 11 Exercise 8.9 Jun 29 Fri PM Ch 13 Exercise 9.1 Jun 30 Sat AM Ch 14 Exercise 10.14 Jun 30 Sat PM Groups Problem 11.5 Financial Analysis Presentation Jul 15 Sun Problem 13.1 Financial Analysis Paper Problem 14.3 Jul 29 Sun Final Exam industrial-financial-decisions-syllabus-062007doc2094.doc 4
  5. 5. Financial Analyses Paper This paper must be emailed by midnight, July 15. Select two publicly traded companies within the same industry and submit them to your instructor for approval. Using the information contained in your selected organizations’ financial statements for the last two years prepare a 2,000 to 2,500 word paper in which you a. Provide a brief overview of each company and answers to the following items for each company: i) What is the company’s product or service? ii) When was the company established? iii) What accounting firm audited its financial statements? b. Analyze the financial performance of each company i) year over year ii) in comparison to the entire industry c. Include spreadsheets displaying i) trend analysis ii) common-sized analysis iii) ratio analysis (6-10 financial ratios) iv) and industry analysis d. Recommend strategies to improve the organizations’ financial position based on your analysis of the organization’s finances. e. Identify and provide a detailed explanation of which company has been better managed from the perspectives of i) profitability ii) asset utilization iii) risk management iv) cash flow management. f. This assignment is due the last day of class Financial Analysis Oral Presentation Prepare a 30 - 45 minute oral presentation accompanied by at least 20 Microsoft® PowerPoint® slides, including graphs and charts where applicable to support and illustrate your Financial Analysis Paper. Every team member must participate in the presentation. industrial-financial-decisions-syllabus-062007doc2094.doc 5
  6. 6. Financial Analysis Paper Grading Criteria All sources should be duly acknowledged and references formatted according to APA format. Use subheadings to separate each part of the assignment. This helps ensure that you have covered the assignment thoroughly and is part of the readability grade. The Financial Analysis paper will be grades as follows: Content – 100 points  All key elements of the assignment are covered in a substantial way  Points are stated clearly and supported by specific details, example or analysis APA Standards and Format – 40 points  Citations and references are used appropriately  1 inch margins (on all sides)  12-Point Times New Roman or 12-Point Arial font  Double space  Paragraphs have the first line indented and include a minimum of three sentences  Page numbers Grammar/Punctuation/Spelling – 20 points  Rules of grammar, usage and punctuation are followed  Correct spelling Organization and Structure – 20 points  Structure of the paper is clear and easy to follow and ideas flow in a logical sequence  Introduction provides sufficient background and previews major points  Conclusion is logical, flows from the body of the paper, reviews major points Readability and Style – 20 points  Writing is clear and well-organized  Sentences are well-constructed, clear and concise Financial Analysis Oral Presentation Grading Criteria Content – 50 points  All key elements of the assignment are covered in a substantial way  Points are stated clearly and supported by specific details, example or analysis Organization and Structure – 20 points  Introduction provides sufficient background and previews major points  Conclusion is logical, reviews major points  Seamless transition from presenter to presenter Visual Aids – 20 points  Visual aids are easy to read and understand  Correct spelling Style – 10 points  Presenters appear confident and knowledgeable  Eye contact and gestures are appropriate industrial-financial-decisions-syllabus-062007doc2094.doc 6
  7. 7. Team Member Evaluation Date ____________ Team ____ Strongly Strongly Disagree Neutral Agree Disagree Agree 0 1 2 3 4 Your name Member 2 Member 3 Member 4 Criteria Participated in discussion regarding team projects Remained focused on important issues during team discussions Contributed information that helped team accomplish goals Demonstrated respect towards others Demonstrated good leadership / teamwork Total industrial-financial-decisions-syllabus-062007doc2094.doc 7

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