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Advanced Financial Accounting2 CreditsBU.210.650.XX [NOTE: Each section must have a separate syllabus.][Day & Time / ex: Monday, 6pm-9pm][Start & End Date / ex: 3/24/15-5/12/15][Semester / ex: Fall 2016][Location / ex: Washington, DC]Instructor[Full Name]Contact Information[Phone Number, (###) ###-####][Email Address]Office Hours[Day(s)/Times]Required Texts & Learning MaterialsTextbook: Financial Reporting, Financial Statement Analysis, and Valuation: A Strategic Perspective, James M. Whalen, Stephen P. Baginski, Mark T. Bradshaw, 8th edition, 2015. ISBN: 978-1-285-19090-7Case Studies (you may purchase the four cases online; the link to the Coursepack is available on Blackboard):BNL Stores; Vaughan Radcliffe; Paul Cruz. Product number: W12213-PDF-ENG Ahold versus Tesco--Analyzing Performance; Suraj Srinivasan; Penelope Rossano. Product number: 113040-PDF-ENGEarnings Conference Calls: Hewlett-Packard Company; Maureen McNichols; Brian Tayan. Product number: A193-PDF-ENG Oddo Securities- ESG Integration; George Serafeim, Paul M. Healy, and Aldo Sesia. Product number: 111085-PDF-ENGCourse DescriptionThis course covers the information content of financial statements and how this information is used by external decision makers. Topics include the time value of money, risk and return, bond and stock valuation, ratio analysis, working capital management, and cost of capital. The course focuses on analyzing the impact of various business transactions on financial statements and how this information is used to make investment, valuation, and credit decisions.The effectiveness and perceived integrity of finance have been tested in recent years. Along with preventable excesses and regrettable distortions, financial innovation has, however, always been an effective means for society to achieve its goals, from insurance to consumption to saving. The power of financial innovation as a generator of inclusive prosperity and widespread well-being can (and should be) reclaimed. In this context, optimization of shareholder’s value – for instance – may not be the only metric along which financial success is measured and should be placed, along with other traditional finance metrics, in the broader context of its contribution to society. To this extent, Carey encourages technical, non-ideological, exchanges of ideas leading to a better understanding of the broader role of finance as a force for shared prosperity. The reading “Oddo Securities-ESG Integration” provides an initial opportunity for technical discussions of these issues as they relate to the topics covered in Advanced Financial Accounting. Prerequisite(s)BU.210.620 or BU.910.611Course OverviewAdvanced Financial Accounting is designed to prepare you to analyze, interpret and use financial statements effectively, both from a general manager and investor perspective. The course will review and extend some of the financial accounting topics introduced in Financial Accounting, and examine additional topics not covered in that course. It will also consider extensions and modifications to the accounting and financial (ratio) analyses developed in that course to achieve a value creation emphasis.The course will introduce a thorough framework for financial statement analysis with an emphasis on (1) accounting analysis, (2) financial (ratio and cash flow) analysis, and (3) prospective (forecasting and valuation) analysis. Learning ObjectivesBy the end of this course, students will be able to: Review and understand the six sequential steps in financial statement analysis.Effectively analyze, interpret, and use financial statements.Use financial analysis tools, methods, and techniques to analyze a company's profitability.Use financial analysis tools, methods, and techniques to analyze a company's risk, including unexpected changes in commodity prices, exchange rates, and interest rates.Evaluate the quality of income statement and balance sheet information.Prepare forecasted financial statements.Review and understand three valuation models.To view the complete list of Carey Business School’s general learning goals and objectives, visit the Teaching & Learning@Carey website. Attendance Attendance on-time is proper business etiquette and a minimal requirement for classroom participation. Being regularly late or leaving early or both is unprofessional. Because participation is a part of the grading system of this course, poor attendance is not to your advantage. There will be attendance sheet to be signed in every class. Emergencies with proper documentation will be exempted. Please note that business trips do not count as emergency. Attendance accounts for 5% of the final grade. For example: students miss one class will lose 1/8th of the 5%, which is 0.625 point out of 100 points.AssignmentsAssignmentCourse Learning Objective(s)WeightAttendance and participation in class discussion1-75%Homework Assignments1-715%Quizzes1-725%Forecasting project615%Final Exam1-740%Total100%Homework: There will be individual homework assignments to be collected and graded. Late submission will not be accepted. The textbook covers basic financial statement analysis concepts, methods, and accounting principles. The weekly assigned problems will emphasize the comprehension of these principles and concepts, problem solving, and their application to real business situations. Completing the individual problems assigned for each chapter is imperative for successful completion of the course.Project: Projecting Financial Statements: details will be given by the instructor. Quiz: Throughout the semester, there will be two quizzes given.Final-term Exam: In-class exam. It will be given on the 8th week of the course and covers all topics taught in the class. The final exam will be three hours in length. No makeup examinations will be given. However, in case of an emergency (illness, etc., supported by proper documentation), incomplete will be assigned and I will set up an exam for you before the incomplete expires. GradingThe grade of A is reserved for those who demonstrate extraordinarily excellent performance. The grade of A- is awarded only for excellent performance. The grade for good performance in this course is a B+/B. The grades of D+, D, and D- are not awarded at the graduate level. Please refer to the Carey Business School’s Student Handbook for grade appeal information. Tentative Course Calendar**The instructors reserve the right to alter course content and/or adjust the pace to accommodate class progress. Students are responsible for keeping up with all adjustments to the course calendar.WeekContentReadingDue1Financial Reporting, Financial Statement Analysis, and ValuationAsset and Liability Valuation and Income RecognitionChapter 1 Chapter 22Understand the relationship among Net Income, Balance Sheet, and Cash FlowsProfitability AnalysisChapter 3Chapter 4Homework for Week 13Quiz 1Risk AnalysisAccounting QualityChapter 5Chapter 6Homework for Week 24Overview of Financing, Investing, and Operating ActivitiesChapters 7, 8, and 9Homework for Week 35Forecasting Financial Statements Part 1 Chapter 10Homework for Week 46Quiz 2Forecasting Financial Statements Part 2Chapter 10Homework for Week 57Overview of Valuation MethodsChapters 12, 13, and 14Final Project due8Final ExamCarey Business School Policies and General InformationBlackboard SiteA Blackboard course site is set up for this course. Each student is expected to check the site throughout the semester as Blackboard will be the primary venue for outside classroom communications between the instructors and the students. Students can access the course site at . Support for Blackboard is available at 1-866-669-6138.Course EvaluationAs a research and learning community, the Carey Business School is committed to continuous improvement. The faculty strongly encourages students to provide complete and honest feedback for this course. Please take this activity seriously; we depend on your feedback to help us improve. Information on how to complete the evaluation will be provided toward the end of the course.Disability ServicesJohns Hopkins University and the Carey Business School are committed to making all academic programs, support services, and facilities accessible. To determine eligibility for accommodations, please contact the Disability Services Office at time of admission and allow at least four weeks prior to the beginning of the first class meeting. Students should contact Priscilla Mint in the Disability Services Office by phone at 410-234-9243, by fax at 443-529-1552, or by email. Honor Code/Code of ConductAll students are expected to view the Carey Business School Honor Code/Code of Conduct tutorial and submit their pledge online.?Students who fail to complete and submit the pledge will have a registrar’s hold on their account. Please contact the student services office via email if you have any questions.Students are not allowed to use any electronic devices during in-class tests. Calculators will be provided if the instructor requires them for test taking. Students must seek permission from the instructor to leave the classroom during an in-class test. Test scripts must not be removed from the classroom during the test.Other Important Academic Policies and ServicesStudents are strongly encouraged to consult the Carey Business School’s Student Handbook and Academic Catalog and Student Resources for information regarding the following items:Statement of Diversity and InclusionStudent Success CenterInclement Weather PolicyCopyright StatementUnless explicitly allowed by the instructor, course materials, class discussions, and examinations are created for and expected to be used by class participants only.?The recording and rebroadcasting of such material, by any means, is forbidden. Violations are subject to sanctions under the Honor Code. ................
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