MBAC 415
FINANCIAL REPORTING AND CONTROL
FALL SEMESTER, 2003
Professor:
Office Room No.
Phone:
Fax:
E-mail address:
Office Hours:
Larry Parker, Ph.D., CPA
PBL 459
(216) 368-2065
(216) 368-6244
LMP3@po.cwru.edu (Changing?)
10:00AM to 12:00PM Tuesday and Thursday, or by appointment
REQUIRED TEXT: Accounting Text and Cases, 11th Edition,
by Anthony, Hawkins and Merchant, Irwin McGraw Hill
RECOMMENDED TEXT: Accounting: The Language of Business, by Davidson, Stickney
and Weil, 9th Edition, Dryden Press
Additional materials will be provided as needed throughout the course.
COURSE OBJECTIVES: To help participants
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

Create a strong foundation of knowledge in financial reporting – terminology, uses and
limitations.
Develop the ability to identify business issues and to analyze information to reach a reasoned
conclusion.
Become effective users of financial statements and other financial information.
CLASS ASSIGNMENTS
This course will utilize lectures, cases and problems in class to develop a solid foundation of knowledge
for continuous learning. Participation and interaction are necessary to address structured, but challenging,
cases and problems.
EVALUATION
Final grades will be determined on the following basis:
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


Examination I
35
Examination II
35
Homework
20
Instructor’s subjective evaluation
10
TOTAL
100 points
»All participants are expected to follow the HIGHEST standards of academic integrity and courtesy!«
MBAC 415
Financial Reporting and Control
PLANNED Course Syllabus
Fall Semester, 2003
Part I. Fundamentals of Financial Reporting
8/25
Introduction to Accounting and Reporting, Begin Case 1-3,
Chapter 1; (Skim Chapter 15, pp. 494- 501 BARON COBURG, pg. 23
8/27
Complete Chapter 1; Read “How to Read
a Financial Report”
9/1
Labor Day. No Class
9/3
Begin The Balance Sheet and Basic
Concepts, Chapter 2
Begin Case 2-2,
MUSIC MART, INC, pg. 47
9/5 (F)
The Balance Sheet, continued
Continue MUSIC MART
9/8
Complete The Balance Sheet
Begin The Income Statement,
Chapter 3
Complete and turn in MUSIC MART
9/10
The Income statement, continued
Begin Case 3-3, DATA SAVER, INC., pg. 75
9/15
Complete The Income Statement
Complete DATA SAVER, INC. (keep for
cash flow statement)
9/17
The Statement of Cash Flows,
Chapter 11, pp. 338 thru top half of 346;
bottom of 350 thru top half of 352, and
bottom of 358 thru 361.
DO NOT READ any other parts of the
chapter on pain of eternal intellectual
torment!
Handout on Cash Flow
Handout – Review Case for Exam I
9/18 (Th)
HELP session, 12:15 to 1:10, Rm 410
9/22
The Statement of Cash Flows,
continued
9/24
Complete the Statement of Cash Flows
Review Case for Exam I
Read Chapter 14, pp. 462 – 473, Auditor’s
Opinion and Review of Concepts
Discuss Review Case for Exam I
Complete BARON
COBURG (Do not turn in)
Cash Flow Statement
for DATA SAVER, INC.
9/25 (Th)
EXAMINATION I. Preparation of
Financial Reports; Concepts and
Terminology
35 points; (Turn in DATA SAVER, INC.
for homework credit)
Part II. Analysis of Financial Reports
9/29
Analyzing and Understanding
Financial Reports
Chapters 13 and 14
Handout; Begin Case 13-2, AMERBRAN
COMPANY (B), pg. 435 (Ref. part (A),
pg. 364)
10/1
Analyzing and Understanding
Financial Reports, continued
Complete AMERBRAN COMPANY (B)
(Turn in for homework credit)
Begin Case 13-5, SPRINGFIELD NATIONAL
BANK, pg. 436
10/6
Analyzing and Understanding
Financial Reports, continued;
Introduction to Economic Value
Added (EVA)
Complete SPRINGFIELD NATIONAL
BANK
10/8
Handout
Completion and Review of Financial
Report Analysis and EVA
Part III. Fundamentals of Decision Making
10/13
Introduction to Costs;
Cost, Volume, Profit Analysis (CVP)
Chapters 15, 16, and Chapter 17
pp. 545 – top of 550 ONLY
Handout for CVP homework
10/15
Costs and CVP, continued
Handout for CVP homework (Turn in for
homework credit)
Handout and Begin Case 26-1,
IMPORT DISTRIBUTORS, INC., pg. 895
Begin Decision Making and Relevant
Costs, Chapter 26
10/22
Decision Making, continued
10/23 (Th)
HELP session, 12:15 to 1:10, Rm 410
10/27
Decision Making, continued
Complete HANSON MANUFACTURING
10/29
Complete and review Decision Making;
Internal Controls
Handout
EXAMINATION II. Analysis, Decision
Making, and Internal Controls
35 Points; (Turn in HANSON
MANUFACTURING for homework credit)
11/17
Complete IMPORT DISTRIBUTORS
Begin Case 26-3 HANSON
MANUFACTURING CO., pg. 898
NOTE: HOMEWORK ASSIGNMENTS TO BE TURNED IN
1.
2.
3.
4.
5.
MUSIC MART
DATA SAVER, INC. (Includes Income Statement, Balance Sheet and Cash Flow Statement)
AMERBRAN COMPANY (B)
COST/VOLUME/PROFIT HANDOUT
HANSON MANUFACTURING CO.