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BUS 021
Generation of Financial Accounting Information

Instructor Prof. Barry Mishra Quarter: Winter 2014
Office: ANDHL 217 Lecture time: 5:10-6.30 PM
Phone: (951) 827-7707 Classroom: OLMH 1208
Fax: (951) 827-3970 Course Website: http://ilearn.ucr.edu/
E-mail: barry.mishra@ucr.edu Office Hours: TTH 6:30-7.30 PM

SoBA Mission Statement

Our mission is to develop diverse leaders, propel research-based innovation and promote the
sustainable growth of Inland Southern California within the global economy. We harness the
powerful resources of UC and our location at the nexus of commerce to create a laboratory for
education, research, and productive partnerships across economic enterprises.

The strategic activities that propel our mission include:
Conducting basic and applied research in management that explores and informs the
creation, development and management of growth;
Providing degree programs that prepare our students to be effective managers and
responsible community leaders with a deep understanding of the dynamics of growth
in both a regional and global context;
Partnering with business and community leaders through a shared commitment to
exemplary growth; and
Delivering educational programs to executives and the public at large that respond to
the needs of our local, state, national, and international communities.

Undergraduate Program Learning Goals

Problem Solving Skills
Students will be able to use a variety of theoretical perspectives to identify and critically evaluate
implications of business decisions for organizational stakeholders (e.g., customers, colleagues,
employees, stockholders, suppliers, foreign governments, communities, cultures, regulatory
agencies) and the natural environment.

Professional Integrity / Ethical Reasoning Skills
Students will be able to recognize ethical issues, demonstrate familiarity with alternative
frameworks for ethical reasoning, and discern trade-offs and implications of employing different
ethical frames of reference when making business decisions.




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Global Context Skills
Students will be conversant with major economic, social, political, and technological trends and
conditions influencing foreign investment and development of the global economy and
demonstrate an understanding of the cultural, interpersonal and analytical competencies required
for engaging in global business activities.

Written Communication Skills
Students will demonstrate proficiency in written communications by creating written document
that are clearly written, with appropriate content and conclusions.

Course description
Accounting is the language of business. The objective of this financial accounting course is to
introduce the basic structure of financial reporting, its fundamental concepts and underlying
assumptions and processes to generate financial statements. We study how the financial
statements are prepared, discuss the link between accounting information and business activities,
and learn how to use financial statement to evaluate business performance and risk.

Course/Learning objective
Upon completion of this course, you should be able to create and use Financial Statements in the
modern business environment and learn how to use financial statement to evaluate business
performance and risk. You will appreciate how valuable financial reporting is for efficient
function of capital markets.

Prerequisite
Financial Accounting & Reporting: BUS 020 with a grade of C or better.

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Textbook
Philips, Libby, Libby. Fundamentals of Financial Accounting, 3rd Edition (McGraw Hill,
ISBN 978-0-07-352710-9)
Class Handouts/Assignments
Course notes and handouts (available at ilearn.ucr.edu)
Study Guide (optional)

Grading policy

Midterm 40 points
Finals 80 points
HW/Lab 20 points
Group Project 20 points
Inclass Quizzes 40 points
200 points


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Final grades will be based on mandated School-wide GPA policy and the final total scores will
be curved. Scores will be posted throughout the term on iLearn. If you find any problem with
your score, you must inform the instructor within one week from the time this score is posted.
After one week, scores will not be reviewed.
In the case of score dispute, the entire exam or assignment will be reviewed, not just the
question(s) in dispute. The score could go up, down, or remain the same.
Course Organizations:
We meet twice a week. The class will be based on lecture, problem solving and group learning. I
will introduce you to the basic concepts and fundamental ideas of each chapter at the beginning
of the class with a short lecture. Then we will use a problem case study or in-class exercise to
better understand the concepts we learned. It is important that you read the material assigned
before you come to the class. The course is designed for you to get the maximum benefit out of it.
However, learning cannot be done passively hence, your active participation is necessary.
Various aspects of this course are designed to help you with the learning process. Although the
learning process is highly individualistic, the following guidelines may help you.

A. Text Book
Reading and doing the homework assigned will help you understand the basics. There will be
several topics that will be covered from the reading material and other sources.
B. Homework
You will be given many homework assignments over the course of the quarter, the lowest two of
which will be dropped. Homework will be graded for effort (60%) and correctness (40%).
No late homework assignment will be accepted. If you have an accident or other certain
circumstances that prevent you from handing in your homework by the due date, I will
take that as your lowest score and drop it from your grade. As stated above, you can drop
two of your lowest homework scores.

C. Group Projects
You will work in groups of THREE. You will choose your own group. The group
project is the continuing case at the end of the chapter (Spa business). The first half is
due after midterm. This will be graded and feed-back provided. The complete group project is
due on the final exam date. All members of the group must participate. A group evaluation
form will be used for your participation in the project at your request. All members of
the group may not receive the same points for the project. Your group members will assign
points of your group project to you. So it is in your best interest to work with your group and do
the fair share of your work.

D. Exams
There will be one midterm at date indicated. You should bring a scantron and a calculator
to exam. Exams will consist of a combination of multiple choices, short answer, computation,
and other objective format questions. The exams are designed to test both technical
knowledge and conceptual understanding. Some of the exam questions will be similar to
homework problems and/or in class examples while the remaining of the exam will ask you to
apply your knowledge to new situations. Further detail about the exams will be provided
approximately one week prior to the exam.


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There is no make up exams. If extraordinary circumstances prevent a student from taking an
exam at the specified time, he or she must get permission from me to do so before the exam in
writing. For those granted permission the weight of the missed exam will be added to your final
exam. No consideration will be given to students who simply miss an exam without having
made prior arrangements and a zero grade will be recorded.

E. In-Class Exercises
Over the course of the quarter, you will have the opportunity to earn points for completing in-
class assignment. This may range from asking you to summarize the important points to
working a short in-class exercise. There is no make up for inclass; you have to be in
class to get the points.

F. Class handouts
I will post materials on the ilearn blackboard. Check blackboard to see that you have the most
updated material. The class handouts are to supplement the learning process in the class and will
not be of much use if you miss the class.

G. Attendance
Regular class attendance is vital for mastering the material in this class and to have a rewarding
experience in this course. If you miss the class you will miss the points assigned to in-class
exercises. Also I use the class participation as a barometer of your effort in the class. This can
often help you secure the next higher grade if you are on the borderline.

H. Assignment Changes
It may be necessary to change the class schedule as the course progresses. Such changes will be
announced in class and posted on Blackboard (ilearn.ucr.edu). It is your responsibility to learn
about these changes.

Integrity statement:

At the University of California, Riverside (UCR) honesty and integrity are fundamental values
that guide and inform us as individuals and as a community. The academic culture requires that
each student take responsibility for learning and for producing work that reflect their intellectual
potential, curiosity, and capability. Students must represent themselves truthfully, claim only
work that is their own, acknowledge their use of others words, research results, and ideas, using
the methods accepted by the appropriate academic disciplines and engage honestly in all
academic assignments. Misunderstanding of the appropriate academic conduct will not be
accepted as an excuse for academic misconduct. If a student is in doubt about appropriate
academic conduct in a particular situation, he or she should consult with the instructor in the
course to avoid the serious charge of academic misconduct.

To ensure the highest standard of academic integrity, all students should be familiar with the
guidelines posted at:
http://conduct.ucr.edu/SiteCollectionDocuments/DocumentsFromStudentConduct/AcademicInte
grityBrochureStudent.pdf


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STUDENT INFORMATION SHEET
(Please submit it at the end of first day of class for 2 points)

Your name: _____________________________________ what should I call you? __________

Daytime telephone number: _________________________________

E-mail address: _________________________________________

Company currently working for: _____________________________
(Leave blank if you are a full-time student)

Type of company: Banking / Manufacturing / Retailing / Computers / Other: ______________

Position in company: _____________________________________

Reason for taking this class (check as many as applicable):
[ ] Required for degree
[ ] CPA exam
[ ] Interested in Accounting.
[ ] Improve job prospects
[ ] Other (please specify): ____________________

Have you the class prerequisites prior to this semester: Yes / No

Expectations from the course:




Career plans:



Do you have a preference for group members?




Any thing else that you like me to know to help you succeed in this class!