Roy E.

Crummer Graduate School of Business Rollins College

SMBA ACCT 501 (07) - FINANCIAL ACCOUNTING Professor Ralph E. Drtina

Course Syllabus Summer 2011

Office: Hours:

Crummer #202 Saturday 12:00 noon-1:00 p.m. and by appointment

E-mail: Phone:

rdrtina@rollins.edu 407-646-2344 (W) 407-599-7085 (H)

COURSE OBJECTIVE Since accounting is often referred to as the language of business, graduate students of management should have a working understanding of basic accounting principles and their limitations. In this course, you will become familiar with accounting principles by means of problem solving and case analysis. Primary emphasis will be placed upon the use and interpretation of financial statements prepared for parties outside the firm. Secondary importance is given to accounting procedures, which will be used as tools to enhance understanding of financial relationships. COURSE MATERIALS Required: Easton, Wild, Halsey, and McAnally, Financial Accounting for MBAs, 4th ed., Cambridge Business Publishers, 2010 (ISBN 978-1-934319-34-5). HOMEWORK Homework is integral to the learning process for this course. You will be assigned a group of problems for each topic to be covered in the course. Assignments will consist of two types: procedural self review materials that you will be expected to master on your own and more analytical materials that you should prepare for class discussion. See the attached Class Schedule for a session-to-session breakdown of these assignments. Most of our class time will be devoted to the introduction of new concepts and the analysis of class discussion assignments. I have set up a course Blackboard web page that provides Excel worksheets for all problem assignments. Look under the Assignments tab for our course. There will be three files that correspond to the Class Schedule: self-review problems, class discussion problem shells, and class discussion problem solutions. You can download Excel solutions for all self-review assignments from Blackboard. You can also download partially completed Excel worksheet shells for class discussion assignments. After weve completed our discussion of the days assignments, I will post the Excel solutions on Blackboard. Homework assignments are not required to be handed-in to me. Nonetheless, the key to successfully completing this course is to understand thoroughly all the materials assigned. If you are unclear about procedures, analysis, and conclusions contained in the assigned materials, be certain to resolve any difficulties by working with your classmates or by talking with me. Discussing assignments with your team members can prove extremely helpful in reinforcing your understanding and clarifying areas of uncertainty.

ACCT 501 (07) - SMBA Summer 2011

Course Syllabus Page 2

CLASS PARTICIPATION Each student is expected to participate in class discussions covering homework assignments and chapter content. In order to contribute to class discussions, you should become familiar with problems and cases prior to the class in which they are discussed. Classroom participation is evaluated on your ability to discuss the issues in some depth and on the amount of time you contribute to the discussion. Thus, there are two components to classroom participation: the quality of your analysis of the issues and the quantity of your discussion time relative to other members of the class. To earn an A in class participation, you must be a leader in class discussions. You should offer meaningful insights about assignments and other course material. Attendance is a necessary condition to receive an A, but is not by itself sufficient. COURSE GRADE Grading will be based on the following weights: Quizzes Midterm Exam Final Exam Team Presentation Participation Total A AB+ B 93-100 90-92 88-89 83-87 BC+ C C12% 32% 34% 12% 10% 100% 80-82 78-79 73-77 70-72

ACADEMIC HONESTY As stated in the Crummer School Academic Integrity Policy, faculty, students and staff are expected to uphold the highest level of ethical standards. This course requires that all students meet expectations of scholastic honesty, particularly while taking quizzes and exams. Prior to quiz or test taking, you may collaborate in any way with your classmates in helping you better understand course material. However during the quiz or test period, any sharing of information, materials, or electronic files during quizzes and exams is prohibited. Collusion or cheating in any form will not be tolerated. Failure to abide by these standards will result in full punishment as prescribed by the Policy. POLICY ON MISSING MIDTERM EXAM AND QUIZ Makeup exams will be given only under unusual circumstances. When it is determined that a makeup exam is needed, arrangements must be made prior to the scheduled exam. No makeup quizzes will be given. If you miss a quiz, the missed points will be added to the weight of the final exam. This is administered on the last day of class.

ACCT 501 (07) - SMBA Summer 2011

Course Syllabus Page 3

GUIDELINES FOR TEAM PRESENTATION Your team will make a short presentation on a given topic related to the Home Depot, Inc. 2010 annual report. The objective of the team presentation is to analyze Home Depots financial performance and render an opinion on the firms outlook. In order to provide industry perspective, use Lowes Inc. as a basis for comparison. Teams will be asked to sign up for a presentation in our first class meeting. See the Class Schedule for dates and topics of presentations. Here are some ideas to guide your discussion: Show where information related to the topic is presented on the financial statements. Explain how the topic affects operating income and cash flow. Compare and contrast Home Depot accounting methods with those of Lowes. Provide data for comparison and analysis. Offer insights about calculation of data. Prepare ratios related to the topic. Offer a history of common-sized data and ratios. Compare common-sized data and ratios with Lowes Inc. Discuss notes on the topic contained in the annual reports. Offer insights about the expected effect of your topic on future financial performance. This list is not meant to be all inclusive. Moreover, some of these items may not be relevant to your presentation. Use judgment about which discussion points to include in your presentation. You should choose whats best to make your presentation both informative and interesting. Be sure to go beyond the discussion in the text. Use outside materials to shed added light on the subject. Above all, avoid summarizing material presented in the text. Your presentation should be accompanied with PowerPoint slides. No formal paper is required. Please limit the number of presenters to no more than two team members. If you use reference materials beyond those assigned in class, include citations for your references. Before the day of presentation, send me by email a copy of your slide show and supporting Excel workbook by 8:00 pm. If you send me your slide show later than the date and time prescribed, you will be penalized 4 points. The length of presentation should be 15-20 minutes. Presentations lasting longer than 20 minutes will be penalized 4 points for each additional minute or portion thereof. Additional class time will be set aside for a questions-and-answers session. I expect that the grade you receive on this report will be the same as that assigned to your team. Nonetheless, upon completion of the project I will request that you submit a form to evaluate the performance of individuals on your team. You will be asked to score each teammate based on participation and commitment to the project. I reserve the right to increase or decrease individual participation grades due to teammate assessments.

ACCT 501 (07) - SMBA Summer 2011 Class Schedule Topic Read entire chapter (excluding chapter appendix) unless otherwise indicated Financial accounting for MBAs (read pp. 1-9 to 1- 20, skim the rest) Financial statements and transaction analysis Accounting adjustments, constructing financial statements (read pp. 3-1 to 3-17) Constructing the statement of cash flows (read pp. B-1 to B-11) QUIZ Constructing the statement of cash flows (read pp. B-11 to B-20) Analyzing and interpreting financial statements (read pp. 4-1 to 4-10) Tools of liquidity and solvency analysis (read pp. 4-26 to 4-29) Presentation 1--common size, strategy, ROA, ROE MID-TERM EXAM Reporting and analyzing operating assets (read pp. 6-1 to 6-12) Presentation 2 cash flow, liquidity, solvency Reporting and analyzing operating assets (read pp. 6-13 to 6-37) Compound interest (read pp. 8-27 to 8-31) Presentation 3 revenues, stock price, dividends QUIZ Reporting and analyzing non-owner financing Presentation 4 inventory , gross profit Reporting and analyzing owner financing (read pp. 9-1 to 9-9 and pp. 9-15 to 9-23) Presentation 5plant assets, impairment FINAL EXAM

Course Syllabus Page 4

Meeting Date

Problems and Cases Self Review P1-36 (omit c) P2-39 M3-14 E3-26 Class Discussion E2-27 P2-45 P1-38 P3-43

Reading

1 July 16

Module 1 Module 2 Module 3

2 July 23

Appendix B

3 July 30

Appendix B Module 4 Module 4B

E B-29 (App. B) P2-47

M B-24 (App. B) P2-43*

4 Aug. 6

M4-16 M4-17 (omit b)

M4-18,19,20 (omit b) P3-47

5 Aug. 13

Module 6

M6-14

M6-12

Module 6 6 Aug. 20 Module 8A

M6-16 M6-19

E6-30 E6-34

7 Aug. 27 8 Sept. 10 9 Sept. 17

Module 8 Module 9

E8-35

E8-36 P8-37* E9-47 P9-50

M9-24 E9-34

*Indicates that no problem shell is available on Blackboard.