MBA 611 FINANCIAL & MANAGERIAL ACCOUNTING
COURSE OUTLINE
SEMESTER: FALL 2014/2015
FACULTY MEMBER’S DETAILS
NAME: Charoula Charalambus
OFFICE HOURS: By Appointment
EMAIL: chara.charalambous@gmail.com
WEB SITE:http://www.cdacollege.ac.cy/site/business-studies/index.htm
Course Description
The objective of the course is to introduce the accounting concepts and financial
principles to make decisions. Financial accounting is presented in terms of a
management decision-making approach. Starting with the balance sheet and income
statement, the course explores the principles applied to financial transactions of
monetary assets and revenue, cost of sales and inventory, fixed assets, debt and
owners’ equity. Finally, the statement of cash flow is presented.
Learning Outcomes
By the end of this course the students should be able to:
1. Understand the role of accounting within a business environment
2. Apply accounting tools to understand and evaluate business performance and
profitability
3. Create, interpret and use financial statements in making managerial decisions
4. Understand the accounting cycle
5. Understand and apply costing techniques and critically evaluate each in
various circumstances
6. Identify and communicate a firm’s objectives in financial terms
Prerequisite(s) : Elementary level Accounting or Consent of Instructor
Type of Course: Compulsory for MBA
Teaching Methods
This module utilizes a mixture of lectures, problems and case studies discussion,
independent and private study, preparation of projects, quizzes and group work.
1
Course Teaching Hours
42 hours a semester. The course is delivered during a 13-week semester. Each lecture
is 4 periods.
Assessment method and weight
50% coursework and 50% final examination. The students are assessed via 2 group
quizzes (15% of total grade), a mid-term exam (30% of the total grade), a final
examination (50% of the total grade) and 5% is given for class attendance. The
quizzes consist of several multiple-choice questions and may take the form of group
work within the lecture. Mid-term and final exams consist of several multiple-choice
questions, problem solving exercises or essays. They will require students to assess
financial performance and support their conclusions based on analysis of financial
statements, using critical thinking. All the assessments are based on the presented
material and the recommended textbook. Passing mark 60%.
Assessment method and weight
Class Participation and Tests 5%
Assignments:
15%
Mid Term Examination
30%
Final Examination
50%
Class Participation and Tests: Requires participation in discussions, solving of
exercises given in the class and study of case studies. Class attendance is expected
and absences will affect your final grade.
Assignments: The students will be assigned to carry out a practical and numerical
exercise over the topics covered in the course outline. The students are requested to
deliver their assignments on an individual basis and on time. Although collaboration
among the students for the preparation of the assignments is encouraged, students
should avoid copying.
Mid-term examination: The mid-term examination will be of two hours. It will be
consist of multiple-choice questions and numerical exercises.
Final Examination: The final examination will be of two hours. It will be
comprehensive and it will test the students on the material covered during the
semester.
2
MBA Grading System
The final course grade at the end of the semester will be given as a letter grade as
follows:
%
Grade
Grade
Grade Points per Credit
Grade
Meaning 4.00
90-100
A
Excellent
85-89
B+ Very Good
3.50
80-84
B
Good
3.00
75-79
C+ Above
2.50
Average
70-74
C
Average
2.00
Below
65-69
D+
1.50
Average
60-64
D
Poor
1.00
Below
F
Failure
0.00
60
Required Textbook
Title:
Financial & Managerial Accounting
Author(s): Horngren, Harrison and Oliver
Publisher: McGraw-Hill
Edition:
2nd
Year:
2009
ISBN:
0135080193
Textbooks, References, Other Bibliography

Title:
Author(s):
Publisher:
Year:

Accounting: text and cases (1999) – Robert N. Anthony, David F. Hawkins,
Kenneth A. Merchant
Introduction to Management Accounting - Charles T. Horngren,

B000APT4WU
Paper 3 (INT) FINANCIAL ACCOUNTING (FA)
ACCA
Kaplan Publishing
2008
Gary L. Sundem,


William O.
Stratton, Dave Burgstahler, Jeff Schatzberg


Managerial Accounting - Hilton, Ronald
Managerial Accounting: An Introduction to concepts, methods and uses Sidney, Davidson
3
LEARNING OUTCOMES TABLE
Weeks
Learning Outcomes and Content of the Course
1
To point out the Nature of Accounting: Balance Sheet and
Income Statement
Nature and Purpose of Accounting
Balance Sheet: Accounting Categories and Related
Concepts
Income Statement: Presentation and Related Concepts
2
Activities
Discussion
Questions
&
Exercises
The Recording Business Transaction, Accounts and Journal
To explain the Recording Business Transaction, Ledger,
Discussion
Trial Balance
Questions
And Adjusting Process
Exercises
&
The Accounting Cycle
Record-keeping fundamentals
Accounting Systems
3
4
Discussion
Questions
Exercises
Discussion
Questions
Exercises
To Implement the Accounting Cycle
Revenue and Monetary Assets
Revenue: Timing and Amount
Monetary Assets: Accounting and Analysis
&
&
To employ Financial Statements and Practice Balance
Sheet/Statement of Financial Position
5
To Analyze. Financial Statements and
Statement/Statement of Income and Expenditure
Income Discussion
Questions
Exercises
&
6
Examine the Inventory Valuation Methods
Cost of Sales and Inventory
Costs of Sales: Merchandising, Manufacturing and
Service Companies
Inventory Valuation Methods
Discussion
Questions
&
Exercises
Revision for the
mid-term exams
7
Revision for the mid-term exam
Mid-term Exams
8
Compose the Internal Control and Cash
Discussion
Questions
Exercises
Discussion
Questions
Exercises
9
Explain and prepare Receivables
4
&
&
10
Long-lived Assets
Acquisition
Depreciation
Disposal
Natural resources and Intangible Assets
Discussion
Questions
Exercises
&
Discussion
Questions
Exercises
&
Discussion
Questions
Exercises
&
Determine Plant Assets and Intangibles
11
12
Demonstrate The Statement of Cash Flow
Debt and Equity
Debt: Accounting and Analysis
Equity: Proprietorship, Partnership, and Corporations
Statement of Cash Flow
Concept of Flow Statements
Method of Computing and Presenting Cash Flow
Explain Financial Statement Analysis
Prepare Financial Statement Analysis
13
Revision for the final examination
Revision
Estimated Student workload
Activity
Class attendance
Independent Study
Mid-term Preparation
Mid-term Examination
Assignment Preparation
Assignment Presentation
Exercises Preparation
Final Exam Preparation
Final Examination
Total
Hours
42
68
20
1.5
19
0.5
13
34
2
200
OTHER INFORMATION
Class attendance: Students are expected to attend the classes regularly and be
punctual.
Office hours: Students are encouraged and advised to visit regularly their instructor
during the office hours and discuss promptly any issue that seems to be important for
the student and his/her success.
Humane matters: Inform your faculty member for any un-expectancies that may
occur, thus not allowing you to carry out your responsibilities.
Library: You are advised to visit regularly the library of our College and read articles
published in academic journals. I recommend you studying regularly among others,
articles of your interest, published in international journals.
5
6