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Viewing: MBA 501 : Financial Accounting for Decision Makers

Last approved: Wed, 20 Apr 2016 15:41:52 GMT

Last edit: Wed, 20 Apr 2016 15:41:52 GMT

Catalog Pages referencing this course
Change Type
Major
MBA (Business Administration)
501
032311
Dual-Level Course
No
Cross-listed Course
No
Financial Accounting for Decision Makers
Fin Acc for Decision Makers
Poole College of Management
Business Management (20BUS)
Term Offering
Fall, Spring and Summer
Offered Every Year
Fall 2016
Previously taught as Special Topics?
No
 
Course Delivery
Face-to-Face (On Campus)
Distance Education (DELTA)
Online (Internet)
Remote Location/Site Based
MBA RTP site: 1 Park Drive, Durham NC
Grading Method
Graded/Audit
1
5
Contact Hours
(Per Week)
Component TypeContact Hours
Lecture3
Course Attribute(s)


If your course includes any of the following competencies, check all that apply.
University Competencies

Course Is Repeatable for Credit
No
 
 
Donald Pagach
Professor
Full

Open when course_delivery = campus OR course_delivery = blended OR course_delivery = flip
Enrollment ComponentPer SemesterPer SectionMultiple Sections?Comments
Lecture8040YesOne section in day, one in evening
Open when course_delivery = distance OR course_delivery = online OR course_delivery = remote
Delivery FormatPer SemesterPer SectionMultiple Sections?Comments
LEC8040YesOne section On-Line, one in RTP

Is the course required or an elective for a Curriculum?
Yes
SIS Program CodeProgram TitleRequired or Elective?
52.0201Master of Business AdministrationRequired
Methods used by accountants record to economic events such as operating, investing, and financing activities, in the income statement, balance sheet, and statement of cash flows. Analysis of financial statements and disclosures. Impact of accounting standards and managerial incentives on the financial reporting process. Restricted to MBA students.

MBA 501 and MBA 502 replace MBA 503 the previous MBA accounting core requirement.  This is being done as part of overall revisions to the MBA curriculum.  


No

Is this a GEP Course?
GEP Categories

Humanities Open when gep_category = HUM
Each course in the Humanities category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

 
 

 
 

Mathematical Sciences Open when gep_category = MATH
Each course in the Mathematial Sciences category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

Natural Sciences Open when gep_category = NATSCI
Each course in the Natural Sciences category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

Social Sciences Open when gep_category = SOCSCI
Each course in the Social Sciences category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

 
 

 
 

Interdisciplinary Perspectives Open when gep_category = INTERDISC
Each course in the Interdisciplinary Perspectives category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Visual & Performing Arts Open when gep_category = VPA
Each course in the Visual and Performing Arts category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

 
 

 
 

Health and Exercise Studies Open when gep_category = HES
Each course in the Health and Exercise Studies category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

 
&
 

 
 

 
 

 
 

Global Knowledge Open when gep_category = GLOBAL
Each course in the Global Knowledge category of the General Education Program will provide instruction and guidance that help students to achieve objective #1 plus at least one of objectives 2, 3, and 4:
 
 

 
 

 
Please complete at least 1 of the following student objectives.
 

 
 

 
 

 
 

 
 

 
 

US Diversity Open when gep_category = USDIV
Each course in the US Diversity category of the General Education Program will provide instruction and guidance that help students to achieve at least 2 of the following objectives:
Please complete at least 2 of the following student objectives.
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Requisites and Scheduling
 
a. If seats are restricted, describe the restrictions being applied.
 

 
b. Is this restriction listed in the course catalog description for the course?
 

 
List all course pre-requisites, co-requisites, and restrictive statements (ex: Jr standing; Chemistry majors only). If none, state none.
 

 
List any discipline specific background or skills that a student is expected to have prior to taking this course. If none, state none. (ex: ability to analyze historical text; prepare a lesson plan)
 

Additional Information
Complete the following 3 questions or attach a syllabus that includes this information. If a 400-level or dual level course, a syllabus is required.
 
Title and author of any required text or publications.
 

 
Major topics to be covered and required readings including laboratory and studio topics.
 

 
List any required field trips, out of class activities, and/or guest speakers.
 

The course will be taught as part of a faculty member's normal teaching load, no new resources are required.

The primary objective of MBA 501 is to to help you learn how accounting meets the information needs of various users by developing and communicating information that is useful for external decision making.  In addition our goal is that you be able to: 



  • Read and understand internal and external financial reports and use this information to make better business decisions that affect a company's profitability.

  • Understand accounting rules and principles, in order to gain an appreciation for the effect of Generally Accepted Accounting Principles on financial reporting.

  • Enhance a user's ability to forecast financial performance and better manage financial resources.

  • Increase a user's effectiveness in strategic planning and decision making.


Student Learning Outcomes

Upon the successful completion of this course, students should be able to:


1. Recall and explain the components of an accounting system.


2. Interpret and explain the five major steps of the accounting cycle.


3. Use the accounting model to explain how specific economic transactions affect the account balances reported in the financial statements.


4. Analyze balance sheet and income statement accounts to make investment decisions.


Evaluation MethodWeighting/Points for EachDetails
Quizzes25%1 quiz at midpoint
Exam50%Final exam
Project25%Financial Statement Analysis project
TopicTime Devoted to Each TopicActivity
Understanding the Accounting Cycle1 week• Describe the accounting process of recording, summarizing, and reporting business transactions.
• Identify how hypothetical business transactions might impact the financial position and results of operations of the entity.
• Categorize business activities into operating, investing, financing activities.
Accounting for Assets1 weekUnderstand the accounting for:
Cash and receivables
Inventory
Plant, Property and Equipment
Intangibles
Accounting for Liabilities1 weekUnderstand the accounting for:
Short and long-term payables
Leases
Income Taxes
Accounting for Equity 1 weekUnderstand the accounting for:
Contributed Capital
Earned Capital
Cash Flows
Financial Statement Analysis1 week• Read basic financial statements (balance sheet, income statement, cash flows, etc).
• Perform basic financial statement analyses.
• Perform profitability analyses, including sales mix analyses.
mlnosbis 3/8/2016: No overlapping courses and PCOM has approved indicating no overlap with Accounting. Though consultation is required for all new course proposals, this action is more of a reorganization of the MBA curriculum than the creation of an entirely new course. No consultation required.

ghodge 3/14/2016 I edited the time devoted to each topic from 20% to 1 week to be more consistent on how we complete the CIM form. Ready for ABGS reviewers.

ABGS Reviewer Comments:
-No issues.
sgallen (Tue, 09 Feb 2016 22:12:32 GMT): Need to make changes to course description, SIS code (52.0201) and RTP location address (1 Park Drive, Durham NC)
sgallen (Wed, 10 Feb 2016 20:51:17 GMT): Changes suggested by Allen have been made
Key: 8835