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ACCT 3303 - 22800 Spring 2014

Course Number ACCT 3303 - 22800
Course Title Financial Statement Analysis
Location Online
Prerequisites ACCT 2301/2401 and ACCT 2302/2402
Instructor Danny Chiang
Office
Office Hours W6PM-7PM Victoria, Th 6PM-7PM Sugar Land; or by appointment
Phone n/a
Fax
Email ChiangW1@uhv.edu
Faculty Homepage/URL http://www2.uhv.edu/chiangw

Prerequisite Policy

Prerequisites for a course exist because the School of Business Administration faculty have determined that the knowledge, skills, and/or exposure students receive through the prerequisites is critical to their success in the course and their ability to contribute to their fellow students' learning experience. In addition, taking your core courses and concentration or elective courses in a prescribed sequence prepares you to integrate the knowledge and skills you are acquiring properly. Students bear the responsibility for verifying that they have the appropriate prerequisites for their courses. Students who enroll in a course without completing the prerequisites risk being dropped from the class at any time during the semester should their lack of prerequisites come to light. In addition, students who enroll without the prerequisites and as a result find themselves at a disadvantage in meeting course objectives will have no redress with the instructor.

Course Description

Develop basic skills in financial statement analysis and appreciate the factors that influence the outcome of the financial reporting process. Credit will not be given for both ACCT 3303 and ACCT 3332.

Textbook Information

Kieso, Weygandt, Warfield, Intermediate Accounting, Volume 1, 15th ed., Wiley, ISBN 978-1118147276 (Required)You may use either required textbook. However, if you choose this one, you are still responsible to have the chapter 24 materials; which will be fully covered in this class.

Kieso, Weygandt, Warfield, Intermediate Accounting, 15th ed., John Wiley & Sons, ISBN 978-1118147290(Required)You may use either required textbook.

Weygandt, Kimmel, and Kieso, Financial Accounting, 8 ed., John Wiley & Sons, ISBN 978-0470929384(Recommended)Any other financial accounting textbook would be fine; even an older edition is okay.

Information on Buying Textbooks

The Victoria College Bookstore carries textbooks for all UHV SBA courses.

Students may use the publishing information posted above to order their textbooks from their favorite book vendor. However, before doing so you should find out what your vendor's anticipated shipping time is, and what their return policy is. Also, you should not write in or remove shrinkwrap from any textbook or materials you purchase from any vendor until the first class day in the event that:

  • the vendor supplies you with the wrong edition of your text,
  • the course instructor is forced to make a late change to the required textbooks,
  • you are forced to make a last-minute change to your schedule due to missing prerequisites, or
  • your course is canceled due to low enrollment.

In addition, be aware that, on occasion, certain outside vendors may substitute an international version of a textbook for the version you have requested without notice. International versions of textbooks may be quite different from the editions we require.

Course Relationship to Program Mission

The School of Business Administration prepares students for entry level and professional positions in business. BBA graduates will:

  • Comprehend the business environment and functions.
  • Demonstrate effective communication skills.
  • Demonstrate computer usage skills.
  • Employ ethical principles in all business situations.
  • Demonstrate the ability to work effectively on teams in diverse organizations.

AACSB Accreditation Standards

The School of Business Administration is accredited by AACSB International, the hallmark of excellence in management education. AACSB International accreditation represents the highest standard of achievement for business schools worldwide. Institutions that earn accreditation confirm their commitment to quality and continuous improvement through a rigorous and comprehensive peer review. AACSB International accreditation is the hallmark of excellence in management education. AACSB International accreditation adds value to your degree. The AACSB International accreditation standards require you to:

  • Operate with integrity in your dealings with faculty and other students.
  • Engage the learning materials with appropriate attention and dedication. (This standard recognizes the role students play in the creation of high-quality education. You cannot be passive, nor can your participation be superficial.)
  • Maintain your engagement when challenged by difficult learning activities.
  • Contribute to the learning of others. (Regardless of the delivery mode of the program, students should have opportunities to work together on some learning tasks. Students need to acknowledge their responsibilities to their fellow students by actively participating in group learning experiences.)
  • Perform to standards set by faculty.

Course Objectives

As a result of this course, students will:

  1. Understand the purpose and content of the three principal financial statements - balance sheet, income statement, and statement of cash flows - and their related footnotes.
  2. Evaluate the potential effects of ethical issues, such as earnings management and exploitive business practices, on the sustainability of firms and reported earnings.
  3. Use computer applications (e.g. Excel) and web-based research to facilitate financial statement analysis.
  4. Comprehend and apply financial statement analysis for purposes of supporting earnings-based stock valuation.

Course Evaluation Process

Grading Scale:

Your letter grade is determined using the grade distribution that follows. You can calculate your percentage grade at any time in the semester by dividing the points you have accrued by the total points available up to that point. This percentage is then matched to a letter grade.

A 90% or higher
B 80 to 89%
C 70 to 79%
D 60 to 69%
F Less than 60%

Course Assessments:

Homeworks (LO 1, 2, & 4)30 points
Mini Review Exam (LO 1)50 points
Midterm Exam (LO 1, 2, & 4)100 points
Final Exam (LO 1, 2, & 4)100 points
Group Project One (LO 1, 2, & 3)50 points
Group Project Two (LO 1, 2, 3, & 4)100 points
Class Participation (LO 1, 2, & 4)50 points

Homeworks (LO 1, 2, & 4)

Everyone has to do the problems assigned in each chapter. Assignments and homework problems must be completed by the end of each week. You are required to turn in the homework at the end of the assigned week. Homework assignments which should be turned in include chapters 2, 3, 4, 5, 6, and 24. Your homework will be graded based on your efforts, not the correctness of your answers. Working on the homework problems will help you understand the materials and prepare for the exams. You are encouraged to form a study group to discuss homework assignments. Solutions to homework assignments will be posted in the week after the materials are covered. (Assessing learning objectives 1, 2, & 4)

Mini Review Exam (LO 1)

One mini review exam will be given. The purpose of this exam is to refresh your knowledge of basic financial accounting concepts. Review the notes as well as some principles of financial accounting textbooks. No makeup exam will be given without receiving prior permission. Makeup exams may be subject to penalties under the instructors discretion. (Assessing learning objectives 1)

Midterm Exam (LO 1, 2, & 4)

One midterm exam will be given. No makeup exam will be given without receiving prior permission. Makeup exams may be subject to penalties under the instructors discretion. (Assessing learning objectives 1, 2, & 4)

Final Exam (LO 1, 2, & 4)

One final exam will be given. The final exam is NOT comprehensive. No makeup exam will be given without receiving prior permission. Makeup exams may be subject to penalties under the instructors discretion. (Assessing learning objectives 1, 2, & 4)

Group Project One (LO 1, 2, & 3)

You will be assigned to a group of three, at maximum, to do the project one. In project one, you will be given some transactions and required to prepare the journal entries, adjusting entries, trial balance, financial statements (including income statement, balance sheet, and statement of cash flows), and closing entries. Project #1 is due by 11:59pm Wednesday, February 12. Submit your file (in ONE file with a pdf, word, or excel format) by the deadline. Project format: font 12, Times New Roman, single-spaced. Late paper will NOT be accepted. A FREE RIDER in the group will not be tolerated. However, to report an alleged free rider, you should send me a formal written complaint. You should carefully manage your group over the semester to ensure that no teammate will take the chance of turning into a free rider. Try to contact/manage your teammates frequently and inform me if any member is not willing to participate the group work so we can redress this issue ASAP. A free rider will receive his/her group project grades solely based on what he/she has contributed to the projects. (Assessing learning objectives 1, 2, & 4)

Group Project Two (LO 1, 2, 3, & 4)

You will work as a group (same members from project one) to do this real case analysis. To get some ideas about the project, read Appendix 24A (pages 1547-1554 in textbook). A detailed instruction will be posted in the Blackboard. The companies for the analysis are Kroger Co. and Safeway Inc. You can go to http://www.sec.gov (i.e., EDGAR online) to locate the financial statements of publicly held companies. Do NOT retrieve financial information/ratios from other internet websites. In Project #2, you will analyze and compare the companies and, then, make an investment suggestion based upon your analysis. Project #2 should be submitted by 11:59pm Wednesday, April 23. Submit your file (in ONE file with a pdf, word, or excel format) by the deadline. Length of Project #2: minimum of 8 pages, font 12, Times New Roman, single-spaced. Late paper will NOT be accepted. A FREE RIDER in the group will not be tolerated. However, to report an alleged free rider, you should send me a formal written complaint. You should carefully manage your group over the semester to ensure that no teammate will take the chance of turning into a free rider. Try to contact/manage your teammates frequently and inform me if any member is not willing to participate the group work so we can redress this issue ASAP. A free rider will receive his/her group project grades solely based on what he/she has contributed to the projects. (Assessing learning objectives 1, 2, 3, & 4)

Class Participation (LO 1, 2, & 4)

Assigned materials must be read as early as possible so you are able to participate the weekly discussion boards. Weekly discussion board participation is expected and your participation will be graded as a whole at the end of the semester. You SHALL timely answer every weekly discussion board question. (Assessing learning objectives 1, 2, & 4)

Reading Assessments

Your capacity to contribute to class discussions is directly related to your commitment to completing all reading assignments by the dates listed on the course schedule. Class participation grades will reflect both the quantity and the quality of your participation.

Makeup Exams

Make-up exams will only be given at the discretion of the instructor. Students are strongly cautioned to notify the instructor immediately if legitimate and insurmountable obstacles prevent them from participating in a scheduled exam session.

Late Assignments

The due dates for all assignments will be strictly followed. Late assignments may or may not be accepted at the instructor’s discretion; should the instructor accept a late assignment, he or she may reduce the grade of the assignment the equivalent of one (1) letter grade for each day the assignment is late.

Attendance Policy

According to the UHV Student Handbook, students are expected to be diligent in their studies and regular in class attendance. A student whose absences are determined by the instructor to be excessive shall be dropped prior to the last day to drop a course or withdraw from UHV with a grade of W or F. For students enrolled in online courses, "absence" connotes a failure to engage in class participation activities on a weekly basis. If an unforeseen crisis (including family emergencies, professional obligations, and technical difficulties) prevents you from fulfilling your course obligations, you are responsible for alerting your instructor to the reason for and anticipate duration of your absence.

Teaching and Learning Partnership

Teaching and learning is a partnership between faculty and students. I will fulfill my partnership obligations by serving as advisor, consultant, mentor and purveyor of general comments and clarifications of difficult or confusing concepts. To this end, I will respond to questions within 72 hours.  You will fulfill your partnership obligations by being a fully participative, responsive, helping, and working team member of the class.  You should check your UHV email frequently and respond to faculty in a timely fashion. Good business and professional etiquette is expected. No derogatory comments should be made. You may certainly disagree with others in class discussions, and you may state your disagreement (if you choose to); however, please do so in a polite manner.

Homework, take-home exams, case assignments and bulletin board participation all play an important role in your education in this course. They are an essential part of the learning process in that they require the synthesis and extension of concepts. They also help both the student and the instructor to evaluate one’s progress in mastering the material. Past experience indicates that generally the course material cannot be adequately mastered without active involvement on your part.

Discussion of homework assignments with others who are also struggling with them can be highly beneficial and is encouraged. Most real-life problems are solved through team efforts, and it is important to learn how to solve problems cooperatively. The interaction with others working on the same problem often reveals different approaches to common difficulties.

Academic Honesty

Each student is responsible for maintaining high standards of academic honesty and ethical behavior. In order that each student understands what is (or is not) acceptable behavior, the following guidelines are offered.

  • Discussion of assignments with other students and members of the faculty is both permitted and encouraged as a constructive educational practice.
  • Students are expected to write their exams, quizzes and papers on their own, based on their individual level of progress with the material.
  • Copying of another’s work and representing it as one’s own work is a serious academic offense, and will be treated as such.
  • Students are encouraged to review materials other than those required for the course in preparing assignments, but should always properly cite any sources used in assignment preparation.

UHV’s Student Handbook contains a detailed description of the university’s Academic Honesty Policy. In addition, tutors at the Academic Center (see section below) are available to assist you in providing proper citations for your source materials.

Disabled Student Policy

The University of Houston System complies with Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, pertaining to the provision of reasonable academic adjustments/auxiliary aids for students with a disability. In accordance with Section 504 and ADA guidelines, each University within the System strives to provide reasonable academic adjustments/auxiliary aids to students who request and require them. If you believe that you have a disability requiring academic adjustments/auxiliary aids, please contact your University’s student disability services center. University of Houston–Victoria, Office of Disability Services, 3007 N. Ben Wilson St., Suite 133-B University West, Victoria, TX 77901. Office phone – 361-570-4287; E-mail worleyc@uhv.edu; Website - www.uhv.edu/DisabilityServices

Student Absences on Religious Holidays

Per Texas state law, students will be excused from attending class and other required activities, including examinations, for the observance of a religious holy day, including travel for that purpose. A student whose absence is excused on these grounds will be allowed to take an examination or complete an assignment within one (1) week of the excused absence.

Sexual Harassment

Students who feel they are the victims of sexual harassment may contact the Associate Vice President for Student Affairs at 361-570-4290 and/or the Director of Human Resources/Affirmative Action at 361-570-4800.

Grievance Procedures

Students who have non-academic grievances or complaints may contact Student Services at 361-485-4409.

Student Success Center Services

The Student Success Center offers writing assistance to all UHV students in the form of paper reviews by peer tutors. Tutors will aid students in looking more critically at their own writing to examine issues such as organization, structure, and development of ideas. To submit a document for online tutoring, or to schedule an appointment for face-to-face tutoring, please visit the Student Success Center online http://uhv.mywconline.com/. For more information about the Student Success Center and its library of online resources, visit the Center's Web site at http://www.uhv.edu/ac or stop by Suite 129 (University West in Victoria).

Weekly Class Schedule

DaysWeekTopicReading
1Review of Financial Accounting PrinciplesNotes
2Martin Luther King, Jr. Holiday
3Review of Financial Accounting PrinciplesNotes
4**Mini Review Exam, online, 3 hours, starting between 1-5pm Saturday Feb. 8**
5Financial Accounting and Accounting StandardsCh 1
6Conceptual Framework for Financial AccountingCh 2
7The Accounting Information SystemCh 3
8Full Disclosures and Financial Statement AnalysisCh 24 and Appendix 24A
8**Midterm Exam, online, 3 hours, starting between 1-5pm Saturday March 8**Ch 1-3, 24, Appendix 24A
9Spring Break
10Income Statement and Related InformationCh 4
11Income Statement and Related InformationCh 4
12Balance Sheet and Statement of Cash FlowsCh 5
13Balance Sheet and Statement of Cash FlowsCh 5
14Accounting and the Time Value of MoneyCh 6
15Accounting and the Time Value of MoneyCh 6
16**Final Exam, online, 3 hours, starting between 1-5pm Saturday May 3 **Ch 4-6