MBAA 602-02: FINANCIAL & MANAGERIAL ACCOUNTING Fall 2002 (Class meets Wednesday, 7:15 9:55 PM, in Hilton

n 109) Instructor: Telephone: Office Hours: Dr. Patricia Douglas (310) 338-2945 #ues!a$ 1:30 % 4:30 P& 'e!nes!a$ 5:00 % (:00 P& #)urs!a$ 9:15 % 10:15 *&+ or ,$ a ointment 1) Accounting: Text and Cases, 10th Edition+ ,$ *nt)on$+ Ha-.ins an! &erc)ant 2) Essentials of Accounting, 8th Edition by Anthony and Pearlman or!boo! "th te#t, e#am$les, $ro%rammed &uest"ons and Office: Email: Hilton 211 !ouglas"lmu.e!u

Required Text: (a self-study ans ers)'

Blackboard Course No:

200230/&0**102/02

Course Object !es: (h"s "s the M)A *ore *urr"*ulum *ourse that $ro+"des the foundat"on "n a**ount"n% ne*essary for an effe*t"+e bus"ness mana%er' ,t (or "ts e&u"+alent) "s a $rere&u"s"te for ad+an*ed *urr"*ulum *ourses and for all other M)A a**ount"n% *ourses' (h"s *ourse "s "ntended to $ro+"de a user-or"ented $ers$e*t"+e of a**ount"n%, as effe*t"+e mana%ers must learn to or! "th a**ount"n% but they do not need to learn ho to be a**ountants themsel+es' Mana%ers need to !no the +o*abulary, $ers$e*t"+es, and b"ases that underl"e a**ount"n% $ro*esses and re$orts' (hey need to !no ho to as! a**ountants for the data and "nformat"on they ant, and ho to use a**ount"n% as a strate%"* tool' (h"s *ourse $ro+"des a bas"* understand"n% of the te*hn"*al as$e*ts of a**ount"n%, form"n% the ne*essary foundat"on for those s!"lls' A**ount"n% "s often *alled the -lan%ua%e of bus"ness'. /s"n% the -+o*abulary. and -%rammar. of th"s lan%ua%e, a bus"ness ent"ty *ommun"*ates "th those "nterested "n "ts a*t"+"t"es' (he "nterested $art"es may be outs"de the f"rm (e'%', "n+estors, *red"tors, re%ulators) or "ns"de the f"rm (e'%', o$erat"n% $ersonnel, mana%ers, board members)' ,nformat"on needs of these t o %rou$s +ary, so the study of a**ount"n% "s %enerally se%mented "nto these t o *ate%or"es: -f"nan*"al. a**ount"n% refers to "nformat"on $r"mar"ly "ntended to *ommun"*ate "th outs"ders0 -mana%er"al. a**ount"n%, to "nformat"on for "ns"ders' 1tudents su**essfully *om$let"n% th"s *ourse "ll be able to $re$are and "nter$ret s"m$le f"nan*"al statements, and "ll understand the effe*ts of e*onom"* e+ents and a**ount"n% *ho"*es on those statements' (hey "ll understand the strate%"* uses of a**ount"n% "nformat"on "th"n the f"rm, and be able to use a**ount"n% "nformat"on effe*t"+ely for de*"s"on-ma!"n%, $lann"n% and *ontrol' "ee#l$ Ass %&'e&ts: (h"s *ourse a*h"e+es "ts ob2e*t"+es throu%h a +ar"ety of tea*h"n%3learn"n% methods' 4a*h ee! you "ll be res$ons"ble for read"n% ass"%ned 1

mater"al "n our te#tboo! (Accounting: Text and Cases), and for *om$let"n% e"ther: ass"%ned se*t"ons of our self-$a*ed tutor"al (Essentials of Accounting) "n the f"nan*"al a**ount"n% se%ment, or $ra*t"*e e#er*"ses $ro+"ded at the end of the ass"%ned te#tboo! *ha$ter "n the mana%er"al a**ount"n% se%ment'

,n-*lass a*t"+"t"es "ll "n*lude *lassroom le*tures su$$lemented "th $roblem sets as ne*essary, +"deo $resentat"ons and *ase d"s*uss"ons' (1ee atta*hed *lass s*hedule') 5ase study "s the "deal ay to a*h"e+e the ob2e*t"+es of th"s *ourse' 5ases offer a r"*h *onte#t for d"s*uss"on of a**ount"n% "ssues and $ro+"de a bas"s for d"s*uss"ons about alternat"+es and "m$l"*at"ons of a**ount"n% standards, $ro*edures, and re$orts' 5ases fre&uently *onta"n amb"%u"t"es and *om$le#"t"es that $re*lude a s"n%le *orre*t ans er, "m$ro+"n% students6 ab"l"t"es to "nter$ret, analy7e, and rea*h *on*lus"ons "n s"tuat"ons not unl"!e those fa*ed "n da"ly bus"ness' 1u**essful *ase d"s*uss"ons de$end u$on ea*h student6s a*t"+e, effe*t"+e $re$arat"on' 8our res$ons"b"l"ty "s des*r"bed by the -9 Ps.: preparation , presence, promptness, participation' :ur te#t $ro+"des *ase d"s*uss"on &uest"ons, but you should feel free to br"n% u$ add"t"onal "ssues or as! add"t"onal &uest"ons' ,n %eneral, $re$ar"n% for *lass d"s*uss"on "ll re&u"re that you: ;o the ass"%ned ba*!%round read"n%' (h"s $ro+"des an "m$ortant foundat"on for the d"s*uss"on *ase' <ead the *ase &u"*!ly to %et a sense of are' hat "t6s about and ho the $layers

<ead the d"s*uss"on &uest"ons to %et a sense of addressed are'

hat the "ssues to be

<eread the *ase *arefully, annotat"n%, h"%hl"%ht"n% and d"st"n%u"sh"n% "m$ortant data or &ual"tat"+e "nformat"on' Ma!e r"tten *ase notes to br"n% to *lass' ;e$end"n% on your ab"l"ty to remember the !"nd of deta"l ne*essary to ma!e an effe*t"+e ar%ument usually results "n a lot of -, "sh ,6d sa"d that. on the dr"+e home after *lass= 8ou should e#$e*t to s$end at least t o to three hours on or! outs"de of *lass for ea*h "n-*lass hour' (h"s "s a three-hour $er ee! *lass, so you *an e#$e*t to s$end at least s"# to n"ne hours $er ee! $re$ar"n% for *lass ("'e', read"n%, do"n% $roblems, or $re$ar"n% to d"s*uss the ass"%ned *ases)' (he amount of add"t"onal t"me re&u"red for th"s "ll +ary by "nd"+"dual' 5lass attendan*e "s also absolutely ne*essary for your su**ess' ,f your or! s*hedule $re+ents you from attend"n% *lass re%ularly or de+ot"n% the ne*essary out-of-*lass hours to study and $re$arat"on, you ould be "se to delay ta!"n% th"s *ourse unt"l another t"me' ,f you must m"ss an o**as"onal *lass, $lease arran%e to %et *lass notes from other students' "r tte& Case Ass %&'e&t: :ne r"tten *ase analys"s "s re&u"red, to be sele*ted 2

from the s"# ass"%ned for *lass d"s*uss"on' , e#$e*t th"s *ase to be $resented $rofess"onally0 that "s, to be or%an"7ed and ty$ed neatly?but not a ma2or $ubl"sh"n% e+ent' Please do not b"nd or *o+er your *ase' Wr"tten ass"%nments "ll be %raded on *ontent, form, and a$$arent effort' @or ob+"ous reasons, r"tten *ases "ll be not be a**e$ted "f turned "n after our "n-*lass d"s*uss"on' Please note: th"s "s an "nd"+"dual ass"%nment' E(a' &at o&s: (he dates s*heduled for three e#ams are also l"sted on the atta*hed *lass s*hedule' 4#ams "ll be $art mult"$le *ho"*e, $art $roblems, $art essay or short-ans er &uest"ons' , attem$t to assess the ran%e of *o%n"t"+e s!"lls "n my e#ams ("'e', re*all, *om$rehens"on, a$$l"*at"on, analys"s, and synthes"s3e+aluat"on), so 2ust memor"7"n% def"n"t"ons, rules, and formulas "ll not suff"*"ently $re$are you for them' (<efer ba*! to the Wee!ly Ass"%nments se*t"on') Araded e#ams "ll be returned for your re+"e and an e#$lanat"on of %rad"n%, then *olle*ted a%a"n' :f *ourse, you may re+"s"t your e#ams "n my off"*e at any mutually *on+en"ent t"me' 4#ams must be ta!en on the date and at the *lass t"me s*heduled' ,f you must m"ss a s*heduled e#am be*ause of or! demands, you may arran%e "th me to ta!e the e#am $r"or to the s*heduled date and t"me' My $ol"*y "s to d"s*uss and return the %raded e#ams at the ne#t *lass meet"n%0 therefore, 'a#e-u) e(a's are % !e& o&l$ u&*er e(tre'e c rcu'sta&ces ' 1tudents "th "nsuff"*"ent reason for m"ss"n% the e#am "ll re*e"+e a 7ero %rade for the e#am' Course Gra*es: 5om$onent %rades "ll be e"%hted as follo s: ECD 2CD 1CCD

4#ams (2 B >CD0 1 B 2CD) Wr"tten 5ase Ass"%nment (otal @"nal letter %rades A "ll be ass"%ned as follo s: ) ; FC-F9D (H or - as a$$ro$r"ate) Iast day to "thdra from th"s *lass "s @r"day, Jo+ember 1st' EC-E9D @

9C-1CCD

5 G FCD

7C-79D

E()ecte* Aca*e' c +o&est$ a&* I&te%r t$ : (he IM/ Araduate ;"+"s"on )ullet"n des*r"bes our $ol"*y: -Ioyola Marymount /n"+ers"ty e#$e*ts honesty and "nte%r"ty from all members of "ts *ommun"ty' All a*ts of *heat"n% on ass"%nments or e#am"nat"ons, $la%"ar"sm, for%ery''',Ket*'L "ll be dealt "th a$$ro$r"ately'. ,n th"s *lass, or!"n% to%ether on ee!ly ass"%nments to enhan*e your learn"n% "s en*oura%ed, but *ollaborat"on on e#ams and the r"tten *ase ass"%nment s c,eat &%' IM/ $ol"*y states that students %u"lty of su*h offenses are sub2e*t to fa"l"n% %rades "n the *ourse, sus$ens"on or d"sm"ssal from the /n"+ers"ty' , e#$e*t that ea*h of you "ll demonstrate an e#em$lary le+el of $ersonal "nte%r"ty' >

Class chedule2 !B""#$%&$%' (all %$$% DATE CLASS TOPICS & ACTIVITIES TEXT READING ASSIGNMENTS TUTORIAL ASSIGNMENT S )r* )ou+las DISCUSSION CASES

08328

Course 4ntro!uction5 4ntro!uction to 6inancial 7e orting 6inancial 7e orting: #)e 0alance 8)eet 6inancial 7e orting: #)e 4ncome 8tatement C)a ters 1 9 2 C)a ter 3 Parts 1 9 2 Parts 3 9 1 Cases 2-3 9 3-2: Lone Pine Caf (A & B)

09304 09311

09318 $,-%.

#)e 0oo..ee ing Process an! #ransaction *nal$sis

C)a ter 4

Part 4

////(IR T E0"!: The (inancial "ccountin+ 1rocess//// : erating *cti;ities: 7e;enue 9 <= enses5 Current *ssets 4n;esting *cti;ities: >ong-li;e! *ssets

10302

C)a ters 5 9 1

Parts 5 9 ( Part 8 Case 1-5: Su !ist"i#uto"s it

10309

C)a ter (

10311

6inancing *cti;ities: >ia,ilities an! :-ners? <@uit$

C)a ters 8 9 9

Parts 1 9 9

10323

Cas) 6lo-s an! :t)er 7e orting 4ssues

C)a ters 11 9 14

Part 10

Case 14-3: Scientific $nst"u ent Co"%&

2$-3$ 11301 11313 11320

//// ECON) E0"!: (inancial Reportin+ and )isclosures//// &anagerial *ccounting5 Cost 0e)a;ior an! *nal$sis Cost 0e)a;ior an! *nal$sis+ continue! #)e &anagement Control <n;ironment C)a ters 15 9 11 C)a ter 1( C)a ter 22 Case 11-2: P"estige Te'e%hone Co %an( Case 22-1: Shu an Auto o#i'es, $nc&

1132(

&anagement Control Processes

C)a ter 23 Case 24-4: )id*est $ce C"ea Co %an(

12304

8trategic Planning an! 0u!geting

C)a ter 24 ////THIR) E0"!: !ana+erial "ccountin+////

2%-22

2 8u,Aect to c)ange as circumstances -arrant.