Accounting and Financial Reporting: On-site Syllabus



Accounting and Financial Reporting2 CreditsBU.210.620.XX[NOTE: Each section must have a separate syllabus.][Day & Time][Start & End Dates][Semester / ex: Fall 2019][Location / ex: Harbor East]Instructor[Full Name]Contact Information[Email Address][Phone Number, ###- ###-#### (Optional)]Office Hours[Specify the day and time of the 2 hours that will be dedicated to office hours each week. For evening classes, faculty may wish to hold their office hours by phone or email. While faculty are permitted to state “and by appointment,” office hours should not be held exclusively by appointment.]Required Texts & Learning MaterialsWeil, R. L., Schipper, K., & Francis, J. (2014). Financial accounting: An introduction to concepts, methods and uses (14th ed.). Mason, OH: South-Western, Cengage Learning. ISBN: 978-1-111-82345-0. Instructors’ lecture notes (to be posted on Blackboard).Case studies:Astral Records Ltd., North America: Some Financial Concerns Product number: UV0076-PDF-ENGCostco Wholesale Corp. Financial Statement Analysis (A) Stanford Graduate School of BusinessProduct number: A186A-PDF-ENGVigeo and CSR-The Daughter of GlobalizationProduct number: UV6548-PDF-ENGCourse DescriptionThis course emphasizes the vocabulary, methods, and processes by which business transactions are communicated. Topics include the accounting cycle; basic business transactions involving assets, liabilities, equity, revenues, and expenses; as well as preparation and understanding of financial statements, including balance sheets, statements of income, and cash flows.Statement about Finance and Social ResponsibilityThe 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 “Vigeo and CSR-The Daughter of Globalization” provides an initial opportunity for technical discussions of these issues as they relate to the topics covered in Accounting and Financial Reporting.Prerequisite(s)NoneLearning ObjectivesBy the end of this course, students will be able to: Prepare financial statements reflecting the economic events most common in business operations, in accordance with Generally Accepted Accounting Principles.Construct a financial statement for a given time period, using consolidated data retrieved from other financial statements.Interpret, analyze, and evaluate a company’s performance based on the information in the financial statements.Apply appropriate judgment derived from knowledge of accounting theory for strategic business decision making and forecasting. To view the complete list of the Carey Business School’s general learning goals and objectives, visit the 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 an 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 who miss one class will lose 1/8th of the 5%, which is 0.625 points out of 100 points.Assignments AssignmentLearning ObjectivesWeightAttendance 1–45%Homework1–420%2 Quizzes1–430% (15% each)Final Exam1–445%Total100%Course grades will be based on two quizzes (in Weeks 3 and 6), homework assignments, and a final in-class exam. The quizzes will be about 30 minutes long. They will be closed-book. Quizzes may include multiple-choice questions and problem solving. Partial credit will not be given to multiple-choice questions. For problem solving, partial credit may be granted provided that your answers are organized and legible so that your train of thought can easily be followed.The final exam will be about 3 hours long. It will be closed-book. The final is comprehensive and may include multiple-choice questions and problem solving. Partial credit will not be given to multiple-choice questions. For problem solving, partial credit may be granted provided that your answers are organized and legible so that your train of thought can easily be followed.Homework assignments will be given each week and will be due right before the beginning of the next class. You can work on these in groups (maximum 3 people), but you do not have to do so, if you so choose. The assignments will be graded 2 points (turned in and 75% or more correct), 1 point (turned in and 50%–75% correct), and 0 points (not turned in or less than 50% correct).Note:The assignments should not be too verbose, but they should be as clear as to allow the TAs and the instructors to follow your train of thought.The assignments should be printed out and submitted before class starts.GradingThe grade of A is reserved for those who demonstrate extraordinarily excellent performance as determined by the instructor. The grade of A- is awarded only for excellent performance. The grades of B+ and B are awarded for good performance. The grades of B-, C+, C, and C- are awarded for adequate but substandard performance.?The grades of D+, D, and D- are not awarded at the graduate level (undergraduate only). The grade of F indicates the student’s failure to satisfactorily complete the course work.Please note that for Core and Foundation courses, a maximum of 25% of students may be awarded an A or A-; the grade point average of the class should not exceed 3.3. For Elective courses, a maximum of 35% of students may be awarded an A or A-; the grade point average of the class should not exceed 3.4. (For classes with 15 students or fewer, the class GPA cap is waived.)Tentative Course CalendarInstructors 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.WeekTopicReading1Financial statements and the purpose of financial accountingBalance sheet (recognition, measurement and classification)Chapters 1, 2, 42Income statementChapters 3, 53Statement of cash flowsQuizChapter 64Analyzing financial statements: risk and profitability In-class exercise of Financial Statement Analysis: Identifying Industry Chapter 75Revenue RecognitionWorking capital Chapters 8, 96Long-lived assets (long term investments)Notes, Bonds, and Leases (long-term liabilities)Quiz Chapters 10, 117Marketable Securities and DerivativesChapter 138FinalCarey 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.Disability ServicesStudents with disabilities who require accommodations for this course should be registered with Disability Support Services and provide a copy of their accommodation letter as soon as possible. If you have not yet registered with Disability Support Services, please contact them to discuss your needs and begin the registration process (carey.disability@jhu.edu or 410-234-9243). For more information, please visit the Disability Support Services webpage.Academic Ethics PolicyCarey expects graduates to be innovative business leaders and exemplary global citizens. The Carey community believes that honesty, integrity, and community responsibility are qualities inherent in an exemplary citizen. The objective of the Academic Ethics Policy (AEP) is to create an environment of trust and respect among all members of the Carey academic community and hold Carey students accountable to the highest standards of academic integrity and excellence.It is the responsibility of every Carey student, faculty member, and staff member to familiarize themselves with the AEP and its procedures. Failure to become acquainted with this information will not excuse any student, faculty, or staff from the responsibility to abide by the AEP. Please contact the Student Services office if you have any questions. For the full policy, please visit the Academic Ethics Policy webpage.Student Conduct CodeThe fundamental purpose of the Johns Hopkins University’s regulation of student conduct is to promote and to protect the health, safety, welfare, property, and rights of all members of the University community as well as to promote the orderly operation of the University and to safeguard its property and facilities. As members of the University community, students accept certain responsibilities which support the educational mission and create an environment in which all students are afforded the same opportunity to succeed academically. Please contact the Student Services office if you have any questions. For the full policy, please visit the Student Conduct Code webpage.Student Success CenterThe Student Success Center offers free online and in-person one-on-one and group coaching in writing, presenting, and quantitative courses. For more information on these services and others, or to book an appointment, please visit the Student Success Center website.Other Important Policies and ServicesStudents are encouraged to consult the Student Handbook and Academic Catalog and Student Services and Resources for information regarding other policies and services.Copyright 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 Academic Ethics Policy. ................
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