WAYNE STATE COLLEGE
                                     SCHOOL OF BUSINESS AND TECHNOLOGY
                               ...
4.      To further develop appropriate professional attitudinal characteristics requiring student maturity and
        acc...
TENTATIVE COURSE SCHEDULE:                        (Assignments will be announced in class)

DATE DAY   CHAP      TOPIC / A...
DATE DAY   CHAP     TOPIC / ACTIVITY                         WRITE ASSIGNMENTS HERE
Feb 25 W    -----   EXAM #2 (100 point...
DATE DAY    CHAP         TOPIC / ACTIVITY                         WRITE ASSIGNMENTS HERE

Apr 17 F       5         Underst...
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Syllabus

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Syllabus

  1. 1. WAYNE STATE COLLEGE SCHOOL OF BUSINESS AND TECHNOLOGY SYLLABUS BUS 344 FINANCIAL ACCOUNTING AND ANALYSIS 11:00-11:50 a.m. MWF Spring Semester, 2009 3 credit hours Gardner Hall, Room 210 INSTRUCTOR: Dr. Sharon Garvin Office: Gardner Hall 111A Phone: 375-7233 Office Hours: 9:00-10:00 a.m. MWF, 10:00-11:00 a.m. TR Email address: shgarvi1@wsc.edu Web Page: http://academic.wsc.edu/faculty/shgarvi1 TEXTBOOKS: Primis Custom-Published Text from Financial Statement Analysis, 10th Edition, by K.R. Subramanyam and John J. Wild, McGraw-Hill Irwin, 2009. (required) Interpreting and Analyzing Financial Statements, 4th Edition, by Karen Schoenebeck, Prentice Hall, Inc., 2007. (required) Packet of Handouts for this class available on the G drive on the Wayne State College network. (required) PREREQUISITE: BUS 241 (Accounting II) CATALOG COURSE DESCRIPTION: Further study of accounting measurement and reporting practices underlying financial statements. Topics include measurement and reporting of financial statements’ components, usefulness and limitations of financial statements, adjustment of financial statements to enhance their economic content for analysis, procedures for analysis, use of financial disclosures in analysis, and interpretation of analysis results. COURSE OBJECTIVES: 1. To provide depth and breadth of knowledge beyond the common professional component in the area of specialization. a. Students will recognize accounting data as the source of most finance decisions concerning resource allocation. b. Students will further their understanding of the terminology, principles, concepts and methods underlying accounting information included in financial statements and the uses of that information. c. Students will gain experience interpreting, analyzing, and evaluating financial statements and related disclosures. d. Students will gain experience using accounting information to make business decisions. This objective will be achieved primarily through the use of lecture and in-class group activities. 2. To further develop a set of desirable cognitive learning skills including critical thinking skills, verbal and written communication skills, and library and information technology skills. This objective will be achieved primarily through the use of homework and case assignments. 3. To further develop professional behavioral characteristics including the abilities to write in a professional manner, speak in a professional manner, dress in a professional manner, and interact with others on a professional level. This objective will be achieved primarily through the use of group assignments and formal case report assignments and presentations.
  2. 2. 4. To further develop appropriate professional attitudinal characteristics requiring student maturity and acceptance of responsibilities. This objective will be achieved as follows: a. Students must attend class regularly and on time or face grade reduction. b. Students must come to class prepared to discuss the topics to be covered that day and must fully participate in group activities during class or face grade reduction. c. Students must meet deadlines for homework assignments, case assignments, and examinations or face grade reduction. STUDENT EVALUATION: Each student’s grade will be determined by his/her percentage of total points earned for the following: Three Examinations @ 100 points each 300 Two Examinations @ 60 points each 120 One Quiz @ 25 points 25 Three Group Case Assignments @ 30 points each 90 One Individual Written and Oral Case Presentation 75 Various Homework Assignments 50 Total Semester Points 660 Examinations: The examinations will test over terminology, theory, and applications demonstrated in class. The exams may consist of true-false questions, matching questions, multiple choice questions, short problems, and/or essay questions. Students will lose 5% of the total examination points possible each day an examination is overdue. Students who know they will be absent on examination days may take the examination early and suffer no penalties. Cases: The written and oral cases will consist of using financial statements and related disclosures to analyze, interpret, and evaluate financial position, operating performance, cash management, and financial riskiness of actual domestic corporations. Resulting recommendations will be based on manager and/or investor viewpoints. Students or groups will lose 5% of the total assignment points possible each day a case is overdue. Attendance: As this course is vitally important for those considering a career in finance, students will be required to attend all classes. There is no such thing as an “excused” absence---only an “explained” one. Because the instructor realizes that conflicting commitments or illness do occur from time to time, each student will be allowed three absences before his/her grade is reduced. Students will lose 2% of their overall course grade percentage for each absence in excess of three. Cheating: Cheating and plagiarism (the copying of library or internet resources and/or other students’ work) will not be tolerated. Students should refer to the student handbook for a discussion of such matters and the consequences involved. Support Services: Wayne State College provides an array of services to assist students, including the U.S. Conn Library and computer labs (located in the U.S. Conn Library, the Math/Science Building, Connell Hall, Brandenburg Education Building, and Gardner Hall). The Learning Center (located in the Student Center) provides peer tutoring for most general education classes; the Counseling Center (also located in the Student Center) provides assistance in career planning, goal setting, personality assessment, stress management, and individual and group counseling. For further information, contact the Dean of Students Office (in the Student Center, phone 375-7213). Note From Your Instructor: I am looking forward to being your instructor this semester. After I collect information regarding your personal career goals, I will be better able to adapt my presentation methods and examples to be more relevant and interesting to you. Although I periodically take written feedback from the class, I may not realize when an individual student is experiencing problems in mastering the material. Therefore, it is important that you get to know me and feel no reservation in coming to see me for help if you have problems with this course.
  3. 3. TENTATIVE COURSE SCHEDULE: (Assignments will be announced in class) DATE DAY CHAP TOPIC / ACTIVITY WRITE ASSIGNMENTS HERE Jan 12 M 1 Introduction to Course Financial Information Needs of Investors and Creditors Jan 14 W 1 Understanding and Using Annual Reports Jan 16 F ----- Understanding and Using SEC Reports, the Audit Function, and the Meaning of Generally Accepted Accounting Principles Jan 19 M 1 Understanding Balance Sheet Components Jan 21 W 1 Strategies for Analyzing the Balance Sheet Jan 23 F 1 Strategies for Analyzing the Balance Sheet Jan 26 M 5 Effects of Consolidation on Balance Sheet Analysis Jan 28 W 4 Effects of LIFO Inventory Valuation on Balance Sheet Analysis Jan 30 F 3 Effects of Other Valuation Items on Balance Sheet Analysis Feb 2 M ----- GROUP CASE #1 (Comprehensive Balance Sheet Analysis) Feb 4 W ----- EXAM #1 (100 points) Feb 6 F 6 Understanding Usual Income Statement Components Feb 9 M 6 Effects of Irregular Items on Income Statement Analysis Feb 11 W 6 Strategies for Analyzing the Income Statement Feb 13 F 6 Strategies for Analyzing the Income Statement Feb 16 M 5 Effects of Consolidation on Income Statement Analysis Feb 18 W 4 Effects of LIFO Inventory Valuation on Income Statement Analysis Feb 20 F 6 Effects of Other Realization Items on Income Statement Analysis Feb 23 M ----- GROUP CASE #2 (Comprehensive Income Statement Analysis)
  4. 4. DATE DAY CHAP TOPIC / ACTIVITY WRITE ASSIGNMENTS HERE Feb 25 W ----- EXAM #2 (100 points) Feb 27 F 7 Measuring Profitability—Cash Basis vs. Accrual Basis Mar 2 M 7 Understanding Statement of Cash Flows Components Mar 4 W 7 Determining Cash Flows Mar 6 F 7 Determining Cash Flows Mar 9 M ----- NO CLASS—SPRING BREAK Mar 11 W ----- NO CLASS—SPRING BREAK Mar 13 F ----- NO CLASS—SPRING BREAK Mar 16 M 7 Strategies for Analyzing the Statement of Cash Flows Mar 18 W 7 Strategies for Analyzing the Statement of Cash Flows Mar 20 F ----- GROUP CASE #3 (Comprehensive Statement of Cash Flow Analysis) Mar 23 M ----- EXAM #3 (100 points) Mar 25 W ----- Other Factors in Financial Analysis Begin Working on Semester Analysis Project, Presentations will be at Scheduled Times OUTSIDE OF CLASS on April 20th and April 21st Mar 27 F ----- Other Factors in Financial Analysis Work on Project Mar 30 M ----- Bankruptcy Risk in Financial Analysis Work on Project Apr 1 W ----- Bankruptcy Risk in Financial Analysis Work on Project Apr 3 F ----- QUIZ over Other Factors and Bankruptcy Work on Project Risk (25 points) Apr 6 M 4 Understanding and Using Cash and Accounts Receivable Information Apr 8 W 4 Understanding and Using Inventory Information Apr 10 F 4 Understanding and Using Plant Assets and Natural Resources Information Apr 13 M ----- NO CLASS—SPECIAL SPRING BREAK Apr 15 W 4 Understanding and Using Intangibles Information
  5. 5. DATE DAY CHAP TOPIC / ACTIVITY WRITE ASSIGNMENTS HERE Apr 17 F 5 Understanding and Using Investments Information Individual Semester Analysis Project Presentations, Various Times Scheduled Outside of Regular Class Times, April 20th and April 21st Apr 20 M 5 Understanding and Using Derivatives and Foreign Currencies Information Apr 22 W ----- EXAM #4 (60 points) Apr 24 F 3 Understanding and Using Bonds Payable Information Apr 27 M 6 Understanding and Using Deferred Income Tax Information Apr 29 W 3 Understanding and Using Off-Balance- Sheet Financing Information May 1 F 3 Understanding and Using Contributed Capital and Treasury Stock Information May 4 M 3 Understanding and Using Retained Earnings Information May 6 W ----- EXAM #5 (60 points)

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