Course Syllabus

Endicott College

Beverly, Massachusetts

MBA

Course Syllabus

 

Course No:                  BUA527

Course Title:               Financial Management and Control

Credits:                        3 credit hours

Class Type:                  ONLINE-asynchronous

Semester and Year:    SPRING 2024

 

Faculty:                       TJ Hanratty

Office Location:           Wax 159

Telephone:                 978-930-2346

E-mail:                        thanratt@endicott.edu

Office Hours:               upon request

 

Catalog Description

This course is an applied financial and managerial accounting course.  Principles of financial and managerial accounting are developed and used to examine the difficult strategic and operational decisions.  The general objectives of this course are to provide the manager with the financial and managerial accounting theory, concepts and tools necessary to make better financial management decisions and to enable the student to make sound judgements regarding financial analyses performed by others.

 

Learning Outcomes

A learning outcome is a clear and measurable activity that a student is able to perform at the conclusion of the course. At the conclusion of this course a student will:

 

  1. Explain the role of accounting standards and describe the role of the FASB, SEC, AICPA, and the IRS in determining standards and policies in financial reporting.
  2. Explain the role of the FASB’s conceptual framework in outlining the qualities of good accounting information, defining terms and providing guidance about appropriate recognition, measurement and reporting.
  3. Illustrate the following steps in the accounting cycle: analyze transactions, record and post journal entries, prepare adjusting entries, prepare financial statements, and prepare closing entries.
  4. Understand the different costing methods for receivables, long-term assets, long-term liabilities and equity.
  5. The ability to analyze the balance sheet and income statement components.
  6. Prepare Financial Ratio Analyses.

 

Teaching/Learning Strategies

Teaching strategies for this course include in-class lecture, in-class discussions, homework assignments (reading and problems solving), in-class exercises, case studies, quizzes to test knowledge and a final research paper.

 

Required Readings

Financial Accounting Fundamentals, 7th edition, John J. Wild, ISBN-13: 978-1260247862

Recommended Readings

To be provided by instructor as applicable

 

Evaluation Methods

  • Class Participation 25%
  • Homework 12.5%
  • Two Projects 12.5%
  • Class Quizzes (2 @ 25% each) 50%

 

Grading Scale-Graduate

A 94-100 (4.0); A- 90-93 (3.7); B+ 87-89 (3.3); B 84-86 (3.0); B- 80-83 (2.7); C+ 77-79 (2.3); C 74-76 (2.0); C- 70-73 (1.7); F 69 or below (0.0)

 

 

 

ADA Policy

If you as a student qualify as a person with a disability as defined in Chapter 504 of the Rehabilitation Act of 1973, the Americans with Disabilities Act (ADA) of 1990, the Americans with Disabilities Act Amendments Act of 2008 (ADAAA), you are strongly encouraged to register with the Accessibilities Services Office (ASO), which is located in the Diane M. Halle Library (room 209) and online at http://www.endicott.edu/academicrsources.

 

As a student registered with the Accessibilities Services Office, it is your responsibility to present your accommodation letter to your instructor at the beginning of each semester.

 

Academic Integrity Statement

Students are required to abide by the Academic Integrity Policy of Endicott College.

 

By taking this course, students agree that all required assignments may be subject to submission for "similarity review" to Turnitin.com, a tool intended to not just detect instances of plagiarism, but to prevent it as well. The tool is intended to help students identify passages that are unoriginal, incorrectly cited, or lacking appropriate source information.  Submitted assignments may also be archived in the Turnitin.com database for the purpose of checking for possible future instances of plagiarism, additional similarity searches, and other educational purposes at the discretion of the instructor.  For more information, please review the Privacy and Security guide at Turnitin.com.

 

Course Credit Guidelines

This course is a 3-credit course, which means that students are expected to do at least 22.5 hours of course-related work, each week, of the 6-week term . This includes work done completing assigned readings, studying for test and examinations, preparing written assignments, and other course-related tasks.

 

Student workload expectation for 3 credit course

In-Class Hours (weekly)

Outside-of-Class Hours (weekly)

Total Hours per Week

Total Hours per Course

6-week in-classroom course

n/a

22.5

22.5

135

Students must review the Academic Calendar published by the Registrar’s Office online at:

http://www.endicott.edu/Undergrad/Academic-Calendar.aspx

Class attendance is expected of all students up to and including the last day of scheduled classes in the semester.  Students must plan accordingly.  Class absences will adversely affect your class participation grade (which comprises 25% of course final grade).  For ONLINE courses class attendance will be in the form of class participation via Discussion Topics assigned each week.  Modules run weekly Wednesday through Tuesday. Deliverables are due Tuesday night at the end of each module as indicated in Canvas.

 

 

Topical Outline and Timeline

Module 1 – Accounting in Business

Reading:  Financial Accounting Fundamentals, Chapter 1

Key Concepts:

  • Accounting and the business environment
  • Generally accepted accounting principles
  • Assets, liabilities and equity
  • Detailed walk-through of the primary financial statements
    • Balance Sheet
    • Income Statement
    • Statement of Cash Flows
    • Statement of Retained Earnings

Due: Post an introduction, threaded discussions and homework.

Module 2 – Accounting For Transactions

Reading:  Financial Accounting Fundamentals, Chapter 2

Key Concepts:

  • Chart of accounts
  • Debits and credits
  • Double-entry accounting
  • Analyzing transactions
  • The expanded accounting equation

Due: Threaded discussions and homework

Module 3 – Adjustments

Reading:  Financial Accounting Fundamentals, Chapter 3

Key Concepts:

  • Accounting period
  • Cash basis versus accrual basis
  • Why adjustments are needed
  • Review of revenue and expenses
  • Making required adjustments
  • Preparing adjusted trial balance

Due: Quiz #1 threaded discussions and homework

 

Module 4 – Corporate Form of Organization

Reading:  Financial Accounting Fundamentals, Chapters 11

Key Concepts:

  • Discuss corporations
  • Different types of stock
  • Equity transactions

Due: Project #1, threaded discussions and homework

 

Module 5 – Accounting From a Manager’s Perspective

Reading:  Financial Accounting Fundamentals, Chapter 13

Key Concepts:

  • Now that we understand the accounting process and how financial statements get created, we can now explore how the information on them can be used to manage businesses.
  • We will experience the challenges business managers face, and discuss different strategies to achieve their objectives.
  • Financial Statement Analysis
    • Liquidity Ratios
    • Efficiency Ratios
    • Profitability Ratios
    • Solvency Ratios
    • Evaluating Stock Investments

Due: Threaded discussions and homework

 

Module 6 – Statement of Cash Flows

Reading:  Financial Accounting Fundamentals, Chapters 12

Key Concepts:

  • Statement of Cash Flows

Due: Project #2, Quiz #2 and threaded discussions 

 

Syllabus is subject to change