TROY UNIVERSITY
MASTER SYLLABUS
SORRELL COLLEGE OF BUSINESS
ACT 6632
Corporate Financial Reporting
Prerequisites
2015-2016 Catalog: None.
2016-2017 Catalog: ACT 6691.
Description
A study of corporate financial accounting and reporting topics, including income and expense
recognition, recording of assets and liabilities, and financial statement presentation.
Objectives: On completion of the course, you should be able to:
1.
2.
3.
4.
5.
6.
7.
8.
9.
Demonstrate an understanding of corporate financial accounting topics.
Demonstrate an ability to analyze financial accounting problems.
Demonstrate an understanding of the impact of foreign exchange fluctuations.
Demonstrate an understanding of off-balance sheet financing.
Be able to prepare a Statement of Cash Flows and/or reconcile it with the Income Statement
and the Balance Sheet using the indirect method.
Describe how to adjust financial statements for changes in accounting (principles, estimates,
and errors) and how these changes impact financial ratios.
Demonstrate an understanding of the major differences in reported financial results when using
US GAAP vs. IFRS and the impact on analysis.
Demonstrate an understanding of fair value accounting.
Identify the determinants and indicators of earnings quality.
Purpose
This course should enhance your preparation for the financial accounting and reporting requirements in
management accounting certifications exams. Upon successful completion of this course, you should be
able to read and comprehend financial information in the form of financial statements and footnotes,
i.e., you should be able to read and comprehend a company’s annual report.
Texts
Kimmel, Weygandt, and Kieso, Financial Accounting: Tools for Business Decision Making, (7th edition),
Wiley.
Master Syllabi are developed by the senior faculty in each business discipline. This Master Syllabus must be used as the basis for developing the
instructor syllabus for this course, which must also comply with the content specifications outlined in the Troy University Faculty Handbook.
The objectives included on this Master Syllabus must be included among the objectives on the instructor’s syllabus, which may expand upon the
same as the instructor sees fit. The statement of purpose seeks to position the course properly within the curriculum and should be consulted by
faculty as a source of advisement guidance. Specific choice of text and other details are further subject to Program Coordinator guidance.
1 Aug 2005
Master Syllabus: ACT 6632
2
Supplements
As deemed appropriate by the instructor.
Troy University Faculty Handbook (2010): Section 3.9.2.8 [extract] — essential elements of the syllabus (somewhat modified for space):
1. Course title
8. Classroom
2. Course number +
location
section
9. Office location +
3. Term
e-mail address
4. Instructor
10. Office telephone
5. Prerequisites
11. Course
6. Office hours
description,
7. Class days, times
objectives
12. Text(s)
13. Other materials
16. General supports
14. Grading methods,
(computer works,
criterion weights,
writing center)
make-up policy, 17. Daily assignments,
mid-term grade
holidays, add/drop
reports
& open dates,
15. Procedure, course
dead day, final
requirements
exam
18. ADA statement
22. Incomplete work
19. Electronic device
policy
statement
23. Cheating policy
20. Additional
24. Specialization
services,
requirements
statements
(certification,
21. Absence policy
licensure, teacher
competencies)