Stevens Institute of Technology
Howe School of Technology Management
Syllabus
MGT 600
Financial and Managerial Accounting
Semester: Fall 2014
Day of Week/Time: Thursday 4:30-8:00
Instructor Name & Contact Information:
Sia Nassiripour
Tel: 732-618-7462
Fax: 201-216-8355
Preferred e-mail:anassiri@stevens.edu
Office Hours:
By Appointment
Class Website:
https://moodle.stevens.edu/
Overview
This course will provide the student with the principles and techniques of financial and
managerial accounting for technical organizations. The emphasis will be on the use of
financial data for decision making. The basics of accounting will briefly be covered, with
the major amount of time spent on ways to understand, analyze and use the data for
decision making. Budgeting and analysis of performance, as well as, recognizing fixed
and variable expenses are other key areas of financial management. Issues of valuation,
time value of money, uncertainty and risk will be integrated in the material.
The one-term course will make extensive use of the text by Easton, et al (see 6. below),
supplemented by cases, exercises, homework and examinations. Emphasis will be on
real-world, practical application of the tools of finance to management decision making.
Prerequisites: None
Learning Goals
After taking this course, the student will be able to:
1. Critically analyze financial statements, with a full appreciation of the inherent
limitations of reported financial information.
2. Utilize ratio and trend analyses to evaluate the condition and performance of business
entities.
3. Apply the concepts of present value analysis to valuing assets and making
appropriate business decisions.
4. Create realistic departmental/corporate budgets, including zero-based budgets.
5. Obtain and utilize financial data to make effective business decisions, including
make/buy, capital investment, product introduction timing, etc.
6. Utilize cost accounting data, including activity based costing, to support operating
decisions and cost reduction efforts.
Pedagogy
The one-term course will make extensive use of the text, supplemented by cases,
exercises, homework and examinations. Emphasis will be on real-world, practical
application of the tools of finance to making strategic and operating decisions in a high
technology environment.
Lectures are interactive with substantial participation by students. Homework problems
give the student opportunities to apply the principles. Case studies are used to
demonstrate the nature of financial considerations in real-life situations. Mid-term and
final examinations provide the student a deeper understanding of the material and
chances to demonstrate a command of the subject matter. The Capstone Business
Simulation affords the opportunity to apply the principles learned to a simulated realworld business.
At appropriate junctures, ethical issues are raised with examples of recent turmoil in this
arena serving to emphasize the concerns.
Required Text(s)
Financial & Managerial Accounting for MBAs, 4th edition, Easton, Halsey, McAnally,
Hartgraves and Morse, Cambridge Business Publishers.
Additional Readings
Assigned from journals and newspaper articles as appropriate.
Assignments
PROBLEMS/EXERCISES:
Problems from the text and other sources are assigned each week and complete solutions
are provided the following week.
2
Grades
Item
Class participation, homework
Midterm examination
Final examination
Total Grade
Grade
Percent
25%
45%
30%
100%
Ethical Conduct
The following statement is printed in the Stevens Graduate Catalog and applies to all
students taking Stevens courses, on and off campus.
“Cheating during in-class tests or take-home examinations or homework is, of course,
illegal and immoral. A Graduate Academic Evaluation Board exists to investigate
academic improprieties, conduct hearings, and determine any necessary actions. The
term ‘academic impropriety’ is meant to include, but is not limited to, cheating on
homework, during in-class or take home examinations and plagiarism.“
Consequences of academic impropriety are severe, ranging from receiving an “F” in a
course, to a warning from the Dean of the Graduate School, which becomes a part of the
permanent student record, to expulsion.
Reference:
The Graduate Student Handbook, Academic Year 2003-2004 Stevens
Institute of Technology, page 10.
Consistent with the above statements, all homework exercises, tests and exams that are
designated as individual assignments MUST contain the following signed statement
before they can be accepted for grading.
____________________________________________________________________
I pledge on my honor that I have not given or received any unauthorized assistance on
this assignment/examination. I further pledge that I have not copied any material from a
book, article, the Internet or any other source except where I have expressly cited the
source.
Signature ________________
Date: _____________
Please note that assignments in this class may be submitted to www.turnitin.com, a webbased anti-plagiarism system, for an evaluation of their originality.
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Syllabus and Schedule
Session
October 2
October 9
October 16
Module
1. Financial Accounting
for MBAs
2. Introducing Financial
Statements and
Transaction Analysis
3. Accounting
Adjustments and
Constructing Financial
Statements
4. Analyzing and
Interpreting Financial
Statements
5. Reporting and
Analyzing Operating
Income
October 23
6. Reporting and
Analyzing Operating
Assets
October 30
7. Reporting and
Analyzing Nonowner
Financing
8. Reporting and
Analyzing Owner
Financing
Distribute Mid-Term
Exam-Due November
6
13. Managerial Accounting
for MBAs
14. Cost Behavior, Activity
Analysis, and Cost Estimation
November 6
November 13
November 20
December 4
December 11
Assignments
M1-21, M1-24
E1-28, P1-37
M2-20, M2-23, M2-25, M2-26
E2-27, E2-32, E2-37
E3-26, E3-27, E3-31, E3-32
P3-43
E4-25, E4-28, E4-31, P4-39
M5-13, M5-17, E5-23, E5-27
Group Projects:
M5-19, MA5-50
M6-14, M6-17, M6-19
E6-22, E6-27, E6-34
M7-13, M7-19
E7-24
M8-22, M8-24
E8-34, E8-40
M13-16, M13-17, M13-18
E13-25
M14-13,M14-14
E14-15, E14-18, E14-20
MA14-31
15. Cost-Volume-Profit
M15-12, M15-16
Analysis and Planning
E15-17, E15-18, E15-24
16. Relevant Costs and
M16-15, M16-16
Benefits for Decision Making E16-19, E16-22, E16-25, E1626
17. Product Costing: Job and E17-21, E17-24, E17-26, E17Process Operations
33, E17-35
18. Activity –Based Costing M18-10, E18-25
21. Operational Budgeting and M21-21, P21-36, P21-40
4
Profit Planning
Distribute Final Exam-Due
December 18
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