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ACCT 3303 - 24791 Fall 2013

Course Number ACCT 3303 - 24791
Course Title Financial Statement Analysis
Location Sugar Land
Prerequisites ACCT 2301/2401 and ACCT 2302/2402
Instructor Ziyun (Calvin) Yang
Office Brazos Hall 311 (Sugar Land)
Office Hours T 5PM-7PM Sugar Land; TH 6PM-7PM Victoria; available for virtual office hours and other times by appointment
Phone 281-275-8872
Fax
Email yangz1@uhv.edu
Faculty Homepage/URL http://

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, 15th ed., Wiley, ISBN 978-1-1181-4729(Required)If you decide to take Intermediate Accounting in the following semesters, please purchase this one. E-book of this edition (ISBN 978-1-1185-6216-1) is also available.

Kieso, Weygandt, Warfield, Intermediate Accounting, Volume 1, 15th ed., Wiley, ISBN 978-1-1181-4727(Required)

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.

Required Course Materials

4-function calculator is required for in class quizzes and exams, and NO other calculators (e.g., scientific calculators, computers, cell phones, or tablets) are allowed for the said purposes.

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 accounting cycle.
  2. Understand three principle financial statements-balance sheet, income statement, and statement of cash flows-and their related footnotes.
  3. Evaluate a firm's financial performance through financial statement analysis.
  4. Use software (e.g. Excel) and web-based research to facilitate financial statement analysis.

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:

Homework25 points
Class Activity25 points
Financial Reporting Project50 points
Financial Statement Analysis Project100 points
Mid-term Exam100 points
Final Exam100 points

Homework

There are six sets of homework assignments given for grade. Your highest five assignments will count toward your final grade (the lowest one will be dropped). A few end-of-chapter questions will be assigned each time (announced in class and through emails) and students must turn in their work through emails or hard copies by the next scheduled class. Please show all the work out procedures, because we grade these assignments based on your effort not the correctness of your answers. Solutions will be posted after discussed in class. You may earn up to 5 points from each homework assignment. (Assessing learning objectives 1,2,4)

Class Activity

The purpose of having in-class activities is to help students review and comprehend content from previous chapters. There will be six quizzes or group work given for grade. Your highest five scores will count toward your final grade (the lowest one will be dropped). You may earn up to 5 points from each work taken in class. You are welcome to make up any missed work during the semester, but the grade will not be counted toward your final grade.(Assessing learning objective 1,2)

Financial Reporting Project

The Financial Reporting Project is designed to provide students with practical experience in manual accounting. You will be asked to complete an accounting cycle for a hypothetical company. The project starts with journal entries and concludes with the publication of the financial statements. Group work is encouraged and you may form a project group of no more than four members. This project is due at 06:59pm Thursday, Oct 17. More details of the project will be explained in class.(Assessing learning objective 1,2,4)

Financial Statement Analysis Project

The Financial Statement Analysis Project is designed to develop your ability to (1) understand and analyze published financial reports and (2) make a recommendation to investors regarding the financial condition of a public company. Each group will pick a company from a pool of public companies and be instructed to search related financial information through web-based resources (e.g., SEC Edgar). You will identify the company's major competitor, and then analyze and compare the two companies. You will make an investment suggestions based upon your analysis. At the end of the semester, each group will submit and present their analyses on Dec 5. More details will be given in class.(Assessing learning objectives 3,4)

Mid-term Exam

The mid-term exam covers Chapters 1-3 and Chapter 24 Appendix). See final exam description for more information.

Final Exam

Examinations must be taken at the scheduled date and time (please see class schedule). Make up examinations may be arranged only under extraordinary circumstances which must be approved by the instructor prior to the examination. The content of the exams will be a combination of multiple choice questions and long work out problems. For the work out problems, the solutions must be worked out and the calculations must be shown on the exam. The final examination is comprehensive. (Assessing learning objectives 1,2,3)

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

DaysWeekTopicReadingAssignment
1Introduction and Review of Financial Accounting PrinciplesNotes
2Financial Accounting and Accounting StandardsChapter 1
3Conceptual Framework for Financial AccountingChapter 2
4The Accounting Information SystemChapter 3
5The Accounting Information SystemChapter 3
6Financial Statement Analysis 1Chapter 24 Appendix
7Review and Income Statement and Related InformationNotes and Chapter 4
10/178Mid-term Exam
9Income Statement and Related InformationChapter 4
10Balance Sheet Chapter 5
11Cash Flow StatementChapter 5
12Accounting and the Time Value of MoneyChapter 6
13Financial Disclosure and Financial Statement Analysis 2Chapter 24 and Notes
14Review and Group PresentationsNotes
12/1215Final Exam