MICHIGAN TECHNOLOGICAL UNIVERSITY
COLLEGE OF BUSINESS
BA 5300 – FINANCIAL REPORTING and CONTROL
Instructor:
Joel C. Tuoriniemi
Contact Info:
Academic Office Building – Office #114
jctuorin@mtu.edu
Office Phone – 487.1877
Office Hours:
Mondays
Tuesdays
Wednesdays
Thursdays
10:30-12:30
9:00-11:00
10:30-12:30
9:00-11:00
You are welcome to stop by at any other time you find me in
my office.
I am also happy to meet with you virtually (e.g., Zoom
meeting) at any mutually agreed upon time.
Required
Text:
Recommended:
Prerequisite
Financial & Managerial Accounting for MBAs – 6th Edition
Easton et. al – Cambridge Business Publishers
ACC 2000 – Accounting Principles I, or its equivalent
Course Description: This class covers the collection, reporting and analysis of financial
information with emphasis on the use of that information to
support decision making. (per MTU Course Catalog)
Course Objectives: This course is geared to increase your ability to produce and
interpret information reported in financial statements, from both a
financial and managerial perspective. Students should acquire the
ability to recognize how different accounting methods impact
decision making and ultimately the results/disclosures set forth in
financial statements and reports. Applying an ethical framework to
decision making will also be emphasized throughout the course.
Upon completing this course, students will be able to:
(1) prepare financial statements;
(2) perform DuPont and disaggregation (operating vs. nonoperating) analysis of financial statement;
(3) communicate with accountants regarding the various
components of the financial statements in order to make
informed business decisions;
(4) extract appropriate information from financial statements and
determine valuations of assets/projects/entities using earnings
and cash flow models;
(5) calculate book to tax differences in entity income and
communicate with accountants in a manner to maximize aftertax results;
(6) identify relevant costs, underlying behaviors, and drivers in
order to properly evaluate accounting information from an
internal, managerial perspective;
(7) prepare budgets and perform standard costs and capital
planning analysis.
Attendance Policy: It is absolutely essential that you come to class prepared. This
requires that you have already analyzed and prepared the assigned
readings and problems prior to class.
A significant portion of this course is delivered utilizing the
Socratic method, so you will be called upon to make contributions
to the classroom discussion. There is no such thing as a “wrong
answer ”, but it is unacceptable to have an “unprepared answer”.
Students will be allowed one “pass” during the semester; any
additional instance of a student being unprepared will result in
reduction from the student’s grade. Excessive unexcused absences
will result in an “F” for the course, regardless of the student’s
accumulated point total.
Classroom
Discussions &
Submitted Work:
My expectations for your classroom contributions and submitted
work are very high. A general guideline is that your contributions
to classroom discussions and all submitted work should replicate
that which you would be comfortable presenting in a professional
workplace.
Your prepared solutions/write-ups to and assigned problems and
projects are required to be submitted prior to the beginning of the
respective class period in which such material is to be covered.
Academic Integrity: Because of the importance of ethical behavior in business, and its
emphasis in our program, academic dishonesty is not tolerated in
the College of Business at Michigan Tech.
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Academic dishonesty cases will be handled in accordance with
University policies. Students are expected to review and comply
with the expectations and conditions set forth in the MTU
Academic Integrity Policy, found at
http://www.studentaffairs.mtu.edu/dean/judicial/policies/academic
_integrity.html.
While it is appropriate to work through examples and discuss
course concepts with your fellow students through the use of study
groups, unless otherwise stated, all submitted work is to be
prepared individually. Students involved in any form of academic
dishonesty, including but not limited to cheating on tests,
plagiarism and collusion may, at the instructor's discretion, receive
a failing grade in the course, examination, or academic assignment.
In addition to or instead of this sanction, the instructor may refer
the case to the Academic Affairs Committee for hearing. If, after
hearing the evidence, the Committee determines that the student in
question is found responsible for the misconduct charged, the
Committee may impose sanctions in addition to those taken by the
instructor.
Course
Point System:
Your final grade will be based upon the following:
Homework Problems
Financial Statement Analysis Project
Simulation Project One
Simulation Project Two
Exam One
Exam Two
10%
10%
10%
10%
30%
30%
Grading Scale :
A
A/B
B
B/C
C
C/D
D
F
Make-Up Policy :
No make-up exams will be given unless approved by the College
of Business.
100% – 92%
91% - 86%
85% - 81%
80% - 76%
75% - 71%
70% - 66%
65% - 60%
< 60%
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University Policies: Student work products (exams, essays, projects, etc.) may be used
for purposes of university, program, or course assessment. All
work used for assessment purposes will not include any individual
student identification.
Academic regulations and procedures are governed by University
policies.
If you have a disability that could affect your performance in this
class or that requires an accommodation under the Americans with
Disabilities Act, please see me as soon as possible so that we can
make appropriate arrangements. The Institutional Equity Office
has asked that you be made aware of the following:
MTU complies with all federal and state laws and regulations
regarding discrimination, including the Americans with
Disabilities Act of 1990 (DDA). If you have a disability and need
a reasonable accommodation for equal access to education and
services at MTU, please contact the Dean of Students. For other
concerns about discrimination, you may contact your advisor,
department head/chair, or the Institutional Equity Office.
Students should refer to the MTU Student Handbook for a more
complete statement of University policies, all of which are
applicable to this class.
Important Dates:
Friday, September 17th – Last day to drop fall full semester course
without a grade appearing on the academic record
Friday, November 5th – Last day to drop full semester courses with
a grade of “W” (Students may request their grade standing prior to
this date)
CLASS DISCUSSIONS/HOMEWORK ASSIGNMENTS
Week One
09/02
Review of the Accounting Cycle and Financial Statements
Introduction to the Accounting Cycle
___________________________________________________________________
Week Two
09/09
Review of the Accounting Cycle and Financial Statements
Read and Prepare:
Module 1, Module 2, Module 3
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_________________________________________
Statement of Cash Flows
Read and Prepare:
Module 11 and Canvas Materials
___________________________________________________________________
Week Three
09/16
Due: Modules 1-3 HW; Module 11 HW
_________________________________________
Analyzing and Interpreting Financial Statements
Read and Prepare:
Module 4 and Canvas Materials
___________________________________________________________________
Week Four
09/23
Due: Module 4 HW
_________________________________________
Reporting and Analyzing Operating Income
Read and Prepare:
Module 5 (exclude 5-15 through 5-24)
and Canvas Materials
___________________________________________________________________
Week Five
09/30
Due: Module 5 HW; Financial Statement Analysis Project
_________________________________________
Reporting and Analyzing Operating Assets
Read and Prepare:
Module 6 (6-13 to 6-38 only) and
Canvas Materials
___________________________________________________________________
Week Six
10/07
Due: Module 6 HW
_________________________________________
Reporting and Analyzing Liabilities
Read and Prepare:
Module 7 and Canvas Materials
___________________________________________________________________
Week Seven
10/14
Due: Module 7 HW
_________________________________________
Reporting and Analyzing Goodwill and Leasing
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Read and Prepare:
Module 9 (9-18 to 9-27 only),
Module 10 (10-1 to 10-23 only), and
Canvas Materials
___________________________________________________________________
Week Eight
10/21
Due: Module 9&10 HW
_________________________________________
Reporting and Analyzing Owners’ Equity
Read and Prepare:
Module 8 (exclude 8-19 through 8-23) and
Canvas Materials
__________________________________________________________________
Week Nine
EXAM ONE
10/28
___________________________________________________________________
Week Ten
11/04
Using Financial Statements for Valuation
Read and Prepare:
Module 13 and Canvas Materials
___________________________________________________________________
Week Eleven
11/11
Accounting for Income Taxes
Week Twelve
11/18
Due: Module 10 HW; Simulation Project One
_________________________________________
Read and Prepare:
Module 10 (10-24 through 10-35) and
Canvas Materials
___________________________________________________________________
Managerial Accounting – Cost Behavior and Analysis
Read and Prepare:
Module 14, Module 15, and Module 16
___________________________________________________________________
Week Thirteen
12/02
Due: Module 15 and 16 HW
_________________________________________
Managerial Accounting -Budgeting and Performance Reports
Read and Prepare:
Module 21, Module 22, and Module 23
___________________________________________________________________
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Week Fourteen
12/02
Due: Module 22 and 23 HW
_________________________________________
Managerial Accounting – Capital Planning and Decision
Making
Read and Prepare:
Module 24 and Module 25
___________________________________________________________________
EXAM TWO – DATE AND TIME TO BE ANNOUNCED
_________________________________________
Due Dates for Simulation Project Two and Module 24/25 HW
will be announced in class
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