ACCT 800-050: Financial Reporting and Analysis Fall 2017 General Information Instructor: Dr. Jing He Office: 219 Purnell Hall Email: Jinghe@udel.edu Phone: 302-831-1805 (Email is preferred) Meeting: Tuesday 6:00-8:45 pm, Lerner126 Office Hours: Tuesday 3:45-4:30 pm or by appointment Course Objectives Accounting is fundamental to the operation of our market-based economy. The goal of this course is not to train you to become an accountant. Rather, the course is to help you develop into informed users of financial statement information. This course also introduces basic managerial accounting concepts that are useful to managers for decision-making. The main objectives include: Helping students develop a sufficient understanding of the basic concepts underlying financial statements. Enabling students to interpret, analyze, and evaluate real-world corporate financial statements and annual reports in order to make informed economic decisions about a firm. Helping students develop a basic understanding of the regulatory environment of financial reporting (e.g., the role of the Securities and Exchange Commission (SEC), the Financial Accounting Standards Board (FASB), the International Accounting Standards Board (IASB), the American Institute of Certified Public Accountants (AICPA), and the Sarbanes-Oxley Act (SOX)). Enabling students to use management accounting methods to plan, control, and evaluate business processes. Textbook Financial & Managerial Accounting for MBAs, 4th Edition, by Easton, Halsey, McAnally, Hartgraves, and Morse. Cambridge Business Publishers. ISBN: 978-1-61853-102-5 1
Course Web Page I will post the PowerPoint slides used in class on Canvas. I will also post solutions to homework assignments after the assignments are due. The address for the course webpage is http://www.udel.edu/canvas/. Grading Your grade for this course will be based on assignments, exams, and classroom performance. The following weights will be used in calculating your final grade: Classroom Performance 10% Homework Assignments 10% (2.5% per assignment) Midterm Exam 40% Final Exam 40% Total 100% Final letter grades will be assigned using the following percentage break-points: 93 = A; 90 = A-; 87 = B+; 80 = B; 75 = B-; 70 = C+; 65 = C; 60 = D; Below 60 = F. Although grades may be important to you in the short run, a true measure of success in this course is the amount of knowledge you learn and can apply to real world situations. Therefore, I encourage you to invest in yourself, do the best you can, and use your own progress as a benchmark for success. Classroom Performance Classroom performance comprises attendance, participation in class discussions, and professionalism during class. I expect you to attend class regularly and on time. Please note that your class participation grade will be based on your contribution to class discussion, not based on the amount of time you talk. Contributions can take any forms, including, but not limited to, insightful comments and thoughtful questions. While you are free to use technologies that are directly related to class, please otherwise refrain from use of laptop, phone, and similar technologies during class that could distract your fellow students. Homework Assignments There will be four homework assignments during the semester as shown on the course outline. The homework assignments need to be submitted before the beginning of the class. Those assignments will be graded based mostly on the effort displayed and are intended to provide an incentive for you to keep up on the work as we progress throughout the course. Any missing homework will result in a grade of zero for the assignment. Exams There will be an in-class closed-book midterm exam on Tuesday, October 17. There will be a closed-book non-cumulative final exam in December (the date and location will be confirmed later in the semester). All students are expected to take the scheduled midterm exam and the final 2
exam no exceptions other than an emergency. If an emergency arises, contact me as soon as possible prior to the test so that we may make another arrangement for your exam. Otherwise any absence from an exam will result in a grade of zero for the exam. You may use a non-programmable calculator during the exams. Cell phones may not be used as calculators. Questions concerning grades must be raised within one week after the corrected exam is returned. In-class Problems / Suggested Exercises The best way to learn about accounting is to actually do some accounting. We will discuss in class some of the end-of-chapter conceptual questions and problems listed on the Course Schedule. These problems help you understand the concepts and apply the concepts to simple situations. The remaining questions and problems listed on the schedule will be your suggested exercises. Suggested exercises will not be collected or graded. However, doing exercises is the means by which you will determine whether you know the material in the text well enough to move forward. Solutions to these problems and exercises will be made available through Canvas. There is a considerable amount of materials covered in this course, and it is essential that you keep up. Course Integrity The grading process is not subject to negotiation. Your course grade will be determined by the policies and requirements stated in this syllabus. Any changes to the above stated grading scheme will be properly disclosed in class during the semester. It is each student s responsibility to be aware of all announcements made during class. I view being fair across people as one of the most important parts of my job. So, I will not give extra credit or extra assignments to individuals, unless I can do the same for everyone. Academic Honesty I don t expect to run into any violation of the University of Delaware Policy on Academic Dishonesty (found in the Official Student Handbook, which is in the University website www.udel.edu) during this course, so I will not import any of its text into this syllabus. You should nevertheless know that the policy exists, that it is in full effect for this course, and that students are expected to know its content, and act accordingly. If you are in doubt regarding the requirements, please consult with me before you complete any requirement of the course. Title IX Please refer to the following link for information regarding to Title IX: https://sites.udel.edu/sexualmisconduct/files/2016/02/faculty-statement-on-disclosures-of- Instances-of-Sexual-Misconduct-2axhdad.pdf Note: I may change some of the course policies contained in this course syllabus if circumstances dictate. Any changes will be announced in class and through email. Students are expected to pay attention to any changes made. 3
ACCT800 TENTATIVE COURSE SCHEDULE* Fall 2017 Tuesday 6:00-8:45pm Class Date Topic Suggested Exercises 1 Aug. 29 Course Overview Module 1 - Financial Accounting for MBAs (including Appendix 1A and 1B) Discussion Questions: 2,3,4,5,12,14, 17 Exercises: 1-19, 1-28 Problems: 1-35, 1-46 2 Sep. 5 3 Sep. 12 4 Sep. 19 5 Sep. 26 6 Oct. 3 7 Oct. 10 Module 2 - Introducing Financial Statements and Transaction Analysis Module 3 - Constructing Financial Statements and Analyzing Assignment #1 Due Module 4 - Analyzing and Interpreting Financial Statements Module 5 - Reporting and Analyzing Operating Income Assignment #2 Due Module 6 - Reporting and Analyzing Operating Assets Module 6 - Reporting and Analyzing Operating Assets Midterm Review Discussion Questions: 1, 5, 6, 11, 12, 13, 14, 15, 17 Exercises: 2-27, 2-34 Discussion Questions: 4, 5 Exercises: 3-12 Discussion Questions: 1, 6, 7, 8, 9, 10 Exercises: 5-11, 5-13, 5-15 Problems: 5-27, 5-32 Discussion Questions: 1, 3, 4, 5, 6, 7, 8, 9, 10, 11 Exercises: 6-14, 6-16, 6-17, 6-22, 6-27 8 Oct. 17 Midterm Exam 9 Oct. 24 10 Oct. 31 Module 7 - Reporting and Analyzing Non-Owner Financing Module 8 - Reporting and Analyzing Owner Financing Discussion Questions: 1, 2, 3, 5, 6, 7, 8, 9, 10 Exercises: 7-29 Discussion Questions: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12 Exercises: 8-21, 8-24, 8-29 Problems: 8-38 4
11 Nov. 7 12 Nov. 14 Nov. 21 Assignment #3 Due Module 13: Module 13- Managerial Accounting for MBAs Module 14 - Cost Behavior, Activity Analysis, and Cost Estimation Module 15 - Cost-Volume-Profit Analysis and Planning Thanksgiving Break No Class. Discussion Questions: 1 Exercises: 13-14 Module 14: Discussion Questions: 1, 3, 4, 5, 7 Exercises: 14-15, 14-16, 14-21 Discussion Questions: 1, 2, 4, 5, 6, 7, 9 Exercises: 15-11, 15-16, 15-22, 15-24, 15-25 Problems: 15-36 13 Nov. 28 14 Dec. 5 Assignment #4 Due Module 22 - Standard Costs and Performance Reports Module 22 - Standard Costs and Performance Reports Final Review Discussion Questions: 7, 8, 9, 10 Exercises: 22-17, 22-18, 22-19, 22-21, 22-23, 22-25, 22-26, 22-29 15 Final Exam, to be announced. * This schedule supplies a tentative outline for the course. It is subject to change as the semester progress. 5