Sample Course Outline for a Global Accounting Course
EXE 682 ? ACCOUNTING FOR MANAGERS (Oct. 28-Dec.21, 2002)
PROFESSOR: Dr. Connie Fajardo, DPA, MPA, MAT (Acctg.), BBA (ACCTG.) CPA (Phil.)
PHONE: (916) 855-4137 (NU)
TEXT: Marshall, D., McManus, W., and Viele, D. Accounting What the Numbers
Mean, 5th Ed., 2002, Irwin McGraw Hill.
This course explores the roles, concerns, and techniques of financial,
international accounting from the viewpoint of business corporate decision
makers. It is
designed to develop an understanding of accounting and financial terminology,
and analysis. It emphasizes the utilization, format, and purpose of each of the
financial statements, as well the role of the financial audit function in
assuring a firm?s
adherence to generally accepted accounting principles. The use of accounting
as a basis for wise business decisions is highlighted. The effects of
methods on reported earnings and financial position of t he corporation are
International financial reporting issues are explored. Ethics are emphasized.
The primary goal of this course is for students to learn about accounting as an
development and communication function that supports economic decision-making.
knowledge and skills provided by this course in accounting should facilitate
learning. This course should help students perform financial analysis, derive
for personal or organizational decisions, and understand business,
governmental, and other
DESIRED LEARNING OUTCOMES:
Upon successful completion of the course, students should be able to:
1. Gain a theoretical understanding of the reasons, as well as the form for
accounting and financial management practices.
2. Comprehend financial statements prepared under US Generally Accepted
Accounting Principles (GAAP).
3. Analyze the financial position and performance of business enterprises based
on financial statement, including trend and ratio analysis.
4. Understand the accounting process, its vulnerability to errors and
irregularities, and the principles of sound internal control for the
prevention/detection of such errors and irregularities.
5. Analyze the impact of alternative methods of accounting (inventory costing
methods and the depreciation methods) on taxable income.
6. Compute Cost/Volume/Profit analysis (break-even), and apply it in the free
enterprises international business environment.
7. Apply various capital budgeting techniques to evaluate investment
alternatives and understand the rationale for each procedure and its
significance in the decision-making process.
8. Explain international accounting issues that arise when corporations
establish or acquire operating divisions in foreign co untries.
Activities Points Letter Grade and % Points: From
Homework (8 x 20) 160 A = 96-100% 672-700
Chatroom Participation (4 x 15) 60 A- = 90 630-671
Threaded Discussion (8 x 7) 56 B+ = 87 609-629
Weekly Summary (8 x 3) 24 B = 84 588-608
Financial Analysis Project 100 B- = 80 560-587
Comprehensive Final Exam 300 C+ = 77 539-559
C = 74 518-538
Total available points 700 C- = 70 490-517
D+ = 67 469-489
D = 64 448-468
D- = 60 420-447
F = below 60%
Weekly homework is due on or before midnight of Sunday, except for HW 8 which is
due on December 19, Thursday. HW submitted after Sunday will have a 40%
reduction in points. Solutions to HW are posted on Monday. In fairness to all
students, HW submitted after the solutions are posted will not be given any
point. Most HW can be conveniently done with the Microsoft words (use tables if
necessary). Kindly do not ZIP your HW.You may prepare these on Microsoft
Excel if you are comfortable doing so.
Submit your HW using the Drop Box for each Unit. Homework will be graded
individually and grade will be posted on the gradebook. However, HW will not be
returned. Instead Solutions for each HW will be posted under each unit so you
that can compare and determine what area you missed.
It is important that you are enrolled in class on or before the start date
10/28/02 and that you have purchased the book on or before that date. Be sure
to buy the correct edition of the book which is the 5th Edition. Please print
this course outline immediately. On a daily basis login to your class EXE 682
and check the UNIT for the week, and your e-mail for any additional
clarification or requirements.
Students are encouraged to exchange ideas, but the Homework that are submitted
to the faculty must be the individual work of the student. As indicated in the
National University catalog, cheating or other forms of academic dishonesty may
result in a failing grade.
HOMEWORK The three books mentioned on the CD ROM were replaced with the
SCHEDULE current text ACCOUNTING What the Numbers Mean, 5th Edition
(8 x 20 points= 160 maximum points available)
Almost all Homework are based on the above book. Use CD ROM only for HW 8
Assignment. HW Due
Dates HOMEWORK to be submitted for Grading on due dates. For every HW please
type your name and problem, exercise or case number. Be sure to include all
computations for all answer given to receive partial credit.
Chap. 1 ? Accounting Present and Past
Chap. 2 ? Financial Statements and Accounting Concepts
Do CHINA Part I
(for practice on your own) HW 1
11/03 P=Problem , E=Exercise, C=Case
P2-14 p.62 (Requirement (a) only)
Chap. 3 ? Fundamentl Interperetations of Financial Data
Chap. 4 ? The Bookkepping Process and Transaction Analysis
Do CHINA Part II & III
(for practice on your own)
11/10 C3-18 p. 97
Post two companies that that you obtained annual reports (please refer to page
6 of the course outline as to what companies you have to choose) on the Threaded
Area, so as to avoid duplication. These are the two companies that you will
analyze under your final research project. (Do not attach the annual reports).
It is important to decide early on the two companies for your research project.
Chap.5 ? Accounting for and Presentations of Current Assets
Chap. 6 ? Accounting for Property, Plant, and Equipment
Chap. 7 ? Accounting for and Presentation of Liabilities
Chap. 8 ? Accounting for and Presentation of Owners? Equity
Chap. 9 ? The Income Statement & Statement of Cash Flows
(Do CHINA Part IV (for practice) HW 4
11/24 E7-10 p.263
Chap. 10 ? Explanatory Notes & Other Financial Information
Chap. 11 ? Financial Statement Analysis HW 5
12/01 P10-10 p.374
Chap. 12 ? Managerial/Cost Accounting
Chap. 13 ? Cost-Volume-Profit Analysis HW 6
12/08 E12-2 p. 444
P13-22 p.487 (Requirements: a,b,c only)
Chap. 14 ? Budgeting & Performance Reporting
Chap. 16 ? Capital Budgeting
12/15 P14-16 p.521 (Requirement ?a? only
(Please refer to Chapter 6, pages 214-215 for the present value tables to be
used for C16-22)
Study CD ROM, Chapter 19, pages 1-30)
(Disregard the books given in the CD ROM and the other requirements. Just read
the pages 1-30 (Goodwill determination and international accounting). Included
in the Final Exam.
Go to: http://www.nu.edu/library Click on ?Electronic Resources.? Click on
Click on ?General Business, Info Track, Full Text? and click on ?Access off
campus.? You need a password; inquire from Help Desk. Choose Expanded Academic
Journal and type ?International Accounting.? HW 8
Thurs. Look for an article on International Accounting. Make a one-page summary
(500 words, single spaced) and post under Articles on UNIT 8.
Install CD ROM. Get on to the EXE 682 page. Click on Syllabus, click on Chapter
19, then read and take notes for pages 1-30. You cannot print.
Note: Please use the CD ROM as additional resource. We will be using mainly the
text ACCOUNTING What the Numbers Mean. You are not required to do the HW
specified in the CD ROM unless included in the Schedule of HW assignments on
page 3, 4, & 5.
B. CHATROOM PARTICIPATION
There will be eight (8) Chatroom discussions for this course. Students are
required to participate in at least in four (4) of the eight (8) chatroom
discussions and will be graded for their participation in these discussions. Be
sure to look at the Chat schedule to determine what case or problem will be
discussed in the chat. Bring your book and a calculator. Read the assigned case
or problem before you get to the chat so you are ready to participate and the
chat will work out effectively and efficiently.
I have divided the chats into two groups to make the chats more manageable,
effective, and efficient. Please post your group preference on UNIT 1. Chat
sessions run from 1 to 2 hours.
CHATROOM SCHEDULE (Required: 4 chats 15 points= 60 maximum pts. available)
DATE Group I DATE
Group II DAY/TIME
(Pacific Time) CHAT Book: ACCOUNTING What The Numbers Mean, 5th Ed. 2002
Nov. 1 Fri. 7:00 p.m. Chat 1 Exercise 1-4 page 25
Nov. 8 Fri. 7:00 p.m. Chat 2 Exercise 1-6 page 25
Nov. 13 Wed. 7:00 p.m. Chat 3 Case 4-26 page 139
Nov. 20 Wed. 7:00 p.m. Chat 4 Problem 6-20 page 227
Nov. 27 Wed. 7:00 p.m. Chat 5 Exercise 8-14 page 301
Dec. 4 Wed. 7:00 p.m. Chat 6 Case 11-16 page 413-414
Dec. 11 Wed. 7:00 p.m. Chat 7 Exercise 12-10 page 447
Dec. 18 Wed. 7:00 p.m. Chat 8 Exercise 15-4 page 549
CDROM Chapter 19 (pages 1-30 only)
C. WEEKLY SUMMARY: (8 x 3 points = 24 points maximum). Weekly Summary is where
you post what you have learned during the week. This is due on or before
midnight of Sunday each week, except for the last Weekly Summary UNIT 8, which
is due on or before December 19, Thursday. A paragraph will suffice. This is to
be posted on each Unit.
D. THREADED DISCUSSIONS: (8 x 7 points = 56 maximum points available).
Threaded Discussion are posted on Monday in every Unit. Be sure to enter your
responses (an argument, a comment, an explanation, or a disagreement) on three
different dates during the week. A mere ?I agree? or ?I disagree?, or just a
question will not be counted for grading. The last entry must be posted on or
before 12:00 midnight on Sunday, except for TD 8 which must be posted on or
before December 19, Thursday.
E. FINANCIAL ANALYSIS PROJECT (100 maximum points available)
This project provides the opportunity to work with corporate financial
statements of actual companies for the purpose of analyzing the financial
condition and trend indicators from the viewpoints of a potential investor,
lending institution (bank), and the company?s top management. Due date: On or
before December 14, Saturday. Submission after this date will be subjected to
the usual 40% reduction penalty.
The Financial Analysis Project is to be done as a word processing file
(Microsoft Word ). It is to be posted under Document Sharing Area as an
attachment (type your two companies) for grading and to share with other
students. The financial analysis project is required to be submitted not later
than the date specified so as to give you sufficient time to review for the
1. Select any two companies that are in the same industry (e.g. automobile
manufacturing, restaurant chain, airline, etc.) that are publicly traded on the
U.S. stock exchange or NASDAQ. One of the companies should be a non-U.S.
company whose stock is traded in the U.S. stock exchange. Do not use the
companies that I provided as Sample Project in the Document Sharing Area.
2. You may use the SEC (U.S. Securities and Exchange Commission) internet web
site database called ?EDGAR? to reference the companies most recent 10-K report.
A 10-K filing includes the company?s year-end financial statements(balance
sheet, income statement, statement of cash flows). Additional information
about the two companies might be found on an investment research web site called
WSRN.com (Wall Street Research Net). For financial analysis data you may go to
For annual reports http://reportgallery.com is a useful website with more than
2,200 annual reports both for USA based and intenational companies.
For non-US company listings, the following websites will be of help to you:
Logon to this site. On Home Page, Click on International, then Listed
Companies, then Industry. You can print out a list of all foreign companies
organized by country of origin and by industry.
On the Home Page, Click on Portfolio, then get on to Free membership (register)
to get information on financials, etc. Go back to Home page and Click on
Quote/Research. Type in the symbol of the company that you got from NYSE.com.
You have the choice of Profile, Financials, Key Ratios, Snapshot, Performance, &
Graphs. You could copy from the screen and paste it.
3. Write a report that comments on the 3 -year trend for each of the relevant
ratios and compare the two companies on the following (Please refer to Chapter
11 pages 397-400) for the ratios to be included in your three year computations
(please use the most current years: 1999, 2000, 2001):
a) Investment opportunity from the viewpoint of a potential investor (emphazise
profitability and financial leverage measures)
b) Credit worthiness, from theviewpoint of a major bank to whom the company has
applied for a large loan (emphazise debt equity ratio, liquidity ratios, and
refer to the companies ability to generate cash flows from operations).
c) Asset management, from the viewpoint of a critical board of directors (refer
to activity measures).
4. Within each section of the report, incorporate a table that shows the
relevant computational data and ratios for each of the three years in three
adjacent columns, and shows the two companies in two successive rows.
e.g. Current ratio:
What is this ratio about, provide the formula, tabulate relevant financial data
to compute the ratio, interpret the results:
For example: Current ratio = Total Current Assets
Total Current Liabiliites
US Corp. 1999 2000 2001
Total Current Assets
Total Current Liabilities
Total Current Assets
Total Current Liabiliites
This computation must be followed by appropriate graphs and interpretations.
5. You are encouraged to use additional ratios that you find in the text or the
web sites. Include graphs for trends as appropriate. Industry average
information is not required but is desirable to be included if available to
strengthen your analysis and interpretation of the companies. Be sue to include
your interpretation for each financial ratios computed. Please remember:
Computations are not enough. You need to interpret the meaning of the ratios
and other analyses.
6. Supplement your own financial analysis with relevant comments, graphs, and
other data obtained from internet sources, such as WSRN.com. However, do not
use information published by the companies themselves, since that information is
biased and is not objective.
7. Approximately 25-30 pages will be adequate to include company profiles,
computations, analysis, graphs, etc. Font must be 12, double-spaced. Do not
type the financial stat