COLLEGE OF BUSINESS ADMINISTRATION

Master of Business Administration

COURSE SYLLABUS

Course Code and No.: MBA 614

Course Name: FINANCIAL ACCOUNTING

Pre-requisite Courses: None.

Faculty Member: Dr. Sayed Abbas Ahmed

Contact Information:
1. E-Mail: s.abbas@ajman.ac.ae
2.
3.Phone: 00971504617152
4.Class Hours:
5.Office Hours: 13 to 14………… Days: ………….. Room: office
………………….

Course Description
Financial accounting is an essential tool that provides all users with the useful information for
their relevant decisions. Financial reporting and analysis is one of the main requirements that
protects the owners' rights and enhances managers' ability to make the correct decisions. It
describes the conceptual framework of accounting, and financial statements, analysis and uses of
financial reports.

Course Objectives (CO)

Upon completion of this course, learners should be able to:
1. Explain the role of accounting information in the decision making process.
2. Analyze and interpret information included in the balance sheet, income statement, and
statement of cash flows.
3. Evaluate and report the elements of the financial information.
4. Demonstrate an understanding of the conceptual framework of accounting.
5. Assess the quality of financial reports and be able to make use of them.
Course Learning Outcomes (CLO):
Upon completion of this course, learners should be able to demonstrate the following outcomes:
1. Explain the full meaning of financial accounting and its role in the decision making
processes.
2. Analyze and interpret information included in the balance sheet, income statement, and
statement of cash flows of companies in the UAE/GCC region.
3. Prepare and synthesize a report containing all the elements of the financial information.
4. Demonstrate an understanding of the conceptual framework of accounting through analysis
and explanation of the various financial statements of companies in the UAE/GCC.
5. Examine and assess quality of financial reports and be able to make use of them.
6. Develop the financial plans for organizations in the UAE/ GCC region.

The following levels of Bloom's Taxonomy have been used in the development of the Course
Learning Outcomes (CLO).

1. Knowledg
2. Comprehension 3. Application
Bloom's level e 4. Analysis
(C) (App.)
(K)
1,2,4 3,4 2,3,4 2,3,4,5
CLO #

Course Learning Outcomes (CLO) Mapping and Assessment Scheme

CLO Linked Linked Linked Class Work (marks) Midterm Final

to CO to to PO Exam Exam
Assignmen Group Project/ Case
Course (marks) (marks)
t Study
PLO
1. 1 1 1-2 5 5 5 10
2. 1,3 2 1-4 5 5 10
3. 2 2,6 3-5 10 5 5
4. 3 1,2,6 4-6 5 5 5 5
5. 2,3 2,4 4-5 5
6. 4 1,3,5 6 10
Total 20 30 20 30
Mapping of PLO with Assessment Methods

MBA Program Learning Outcomes Assessment Methods

(PLO)
Mid- Class Project Assign- Final
Upon successful completion of this term discussion ments Exam
course, students will have the ability exam & Case
to: Studies
Prepare technical reports and making ■ ■
presentations on topical issues
Demonstrate in-depth theoretical and  ■ ■ ■
applied knowledge
Prepare project reports and memos ■
Analyze case studies  ■  
Carry out research project ■
Demonstrate problem solving skills, ■ ■ ■ ■ ■
analytical thinking and creative
independence

Instructional Delivery Methods

The content of this course will be delivered through a combination of instructional methods.
These will include, but will not be limited to: Lecture, course-related articles, in-class
discussions, question-and-answer, assignments and projects, online resources, and presentations.
There will also be quizzes and take-home assignments to assess the learners’ mastery of key
concepts in the course.
 Link
Wee
Lecture Ch. Chapter Objectives to Assignment Assessment
k
CLO
a. Explain why accounting is the language of
business.
b. Explain and apply the underlying concepts, - Read Chapter 1 in
assumptions, and principles. the prescribed
1. c. Apply the accounting equation to business textbook
Accounting concepts and 1 1,2
organizations. - Answer end-of-
uses
d. Evaluate business operations through the chapter exercises
financial statements. (No: 1-4).
e. Construct financial statements and analyze the
relationships among them.
a. Explain what a transaction is
b. Define “account” and list and differentiate
- Read Chapter 2 in Assignment 1:
between different types of accounts.
prescribed Mark students’
An Overview of the c. Show the impact of business transactions on the
2. textbook responses to the end-
Accounting Cycle 2 accounting equation 2,3
- Answer end-of- of–chapter questions
d. Analyze the impact of business transactions on
chapter exercises
accounts of companies in UAE/GCC
(No. 1-3) Short quiz in class
e. Construct and use a trial balance and complete
the financial statements.
Assignment 2:
-Take home
a. Describe fraud and its impact, and explain the - Read Chapter 4. Assignment on
role of accounting in the prevention of fraud. Accrual
Internal Control and Cash:
b. Explain the objectives and components of - Go through Accounting and
Fraud, Corruption, and the
3. internal control and fraud triangle. Worked examples Income.
Methods of Detections. 4
c. Evaluate internal controls over cash and at the end of the
3,4
detection techniques. chapter -Class participation
and discussion on
worked examples.
5 a. Account for short-term investments 3,4 - Read Chapter 5. Discussion and
4 Short-Term Investments and b. Apply GAAP for proper revenue recognition - Class activity: In- assignment.
Receivables c. Account for and control for accounts class worked
receivable examples.
d. Evaluate collectability using the allowance - Quiz 2
 method for uncollectible accounts
e. Show how to speed up cash flow from
receivables
f. Evaluate liquidity using two new ratios
a. Show how to account for inventory
b. Apply and compare the various inventory cost
methods used in UAE/GCC - Read Chapter 6 Class participation
c. Explain and apply underlying GAAP for - Go through and discussion of
5. Inventory and Cost of Goods
6 inventory 4 worked solutions worked solutions at
Sold
d. Compute and evaluate gross profit (margin) and at the end of the end of the
inventory turnover chapter chapter.
e. Use the cost of goods sold (COGS) model to
make management decisions
6 a. Identify fixed and variable costs 1,4 Case study
b. Explain the role of income statement in the
decision making process.
6. Income Statement: The - Chapter 6:
c. Differentiate between absorption and
Contribution Approach Garrison
variable costing.
d. Compare between contribution and profit
margin approaches.
a. Measure and account for the cost of plant - Read Chapter 7
Plant Assets, Natural assets - Answer end-of-
Assignment 3:
Resources, and Intangibles b. Distinguish a capital expenditure from an chapter questions
Inventory and Cost
immediate expense
7. of Goods Sold
7 c. Analyze the effect of a plant asset disposal 3,4
- Mark answers to
d. Explain the effect of an asset impairment on
end-of-chapter
the financial statements
questions.
e. Analyze rate of return on assets of companies
in UAE/GCC
8 a. Analyze and report investments in held-to- 4
maturity debt securities
- End of chapter 8
b. Analyze and report investments in available-
8. questions. Mid-Term
Long-Term Investments & for-sale securities
- Worked examples Examination
the Time Value of Money c. Analyze and report controlling interests in
and assignment
other corporations using consolidated financial
statements
9. Stockholders’ Equity 10 a. Explain the features of a corporation. 3,4 Short quizzes in Group Assignment
 b. Account for the issuance of stock. 1: Case Study on
c. Account for retained earnings, dividends and Long-Term
splits. class Investments & the
d. Report equity transactions in the financial Time Value of
statements. Money.
a. Account for foreign-currency gains and losses.
b. Account for other items on the income
The Income Statement, the statement.
Class activity:
10 Statement of c. Compute earnings per share.
In-class worked
Comprehensive Income, & 11 d. Analyze the statement of comprehensive 2,3,4
examples followed
Statement of Stockholders’ income and the statement of stockholders’
by quiz
Equity equity.
e. Differentiate management’s and auditor’s
responsibilities in financial reporting in UAE.
a. Identify the purposes of the statement of cash
flows.
11 b. Distinguish among operating, investing and Class activity:
& The Statement of Cash financing cash flows. In-class worked
12 1,2,3
Flows c. Prepare a statement of cash flows by the examples followed
12 indirect method. by quiz
d. Prepare a statement of cash flows by the direct
method.
a. Perform horizontal and vertical analyses.
b. Prepare common-size financial statements.
Financial Statement c. Analyze the statement of cash flows of
Analysis companies in UAE/GCC region End of chapter 13
Class discussion and
13. 13 d. Use ratios to make business decisions 4 exercises
participation
e. Use other measures to makes investments
Financial Accounting in decisions
Practice seminar Listen to presentation by visiting lecturer from
Industry in UAE
a. Identify the assumptions of BE analysis.
Cost-Volume- Profit b. Apply BE analysis in UAE selected companies.
14. 5 1,6 Garrison; Chapter 5 Case study
Analysis c. Compute the different types of BEP and explain
their uses.
15. Budgeting System and 7 a. Explain the types of budgets and their uses in 6 Garrison: Chapter 8 Case Analysis
Financial Planning planning decisions.
 b. Prepare and analyze the master budget.
c. Analyze the budget and conduct corrective
actions.
16. Final Exam 1-6
INSTRUCTIONAL TECHNOLOGY:
Use of modern technology will be made to deliver instruction. MOODLE learning management
system, Power-point slides, and Audio-visual, Digital Library and Online databases will be used in
the delivery of instruction in this course.

GRADING METHOD

In addition to the continuous assessment process, the following assessment scheme will be
used to evaluate students:
Details of Assessment Methods

Component of Assessment Marks

Assignments:
At the end of each topic or chapter students will be given home work. This
includes internet cases, problem solving, short report on local applications of 20
theories and policies. The detailed home works assignments are specified in
the course outlines above.
Group Project/Case Study Using FIN SAS 30
A group of up to three students will analyze any company in UAE/GCC, with
respect to any topic in the course syllabus. Students will then compare the best
practices found in the literature review against the practices of the chosen
company in the UAE/GCC. In other words, students have to benchmark the
practices of the chosen company against best practices found in the Literature
review. Students are then expected to develop policies or strategies to improve
the performance of the target company, with respect to the chosen topic.
Mid-term examination: will include multiple choice, true or false, problem 20
solving, and essay and discussion questions.
Final examination: will include multiple choice, true or false, problem 30
solving, and essay and discussion questions.
Total 100
Assessment Policy
The course assessment will include the following components:

Course component Marks (%)

Individual Assignments 20%
Project and cases 30%
Mid-term examination 20%
Final Examination 30%
Total marks 100%

Grading Policy shown below:

Marks (%) Grade Points

90 – 100 A 4
85 – 89 B+ 3.5
80 – 84 B 3
75 – 79 C+ 2.5
70 – 74 C 2
< 70 F 0

Instructional technology:
Use of modern technology will be made to deliver instruction. MOODLE learning management
system, Power-point slides, Audio-visual, Digital Library and Online databases will be used in the
delivery of instruction in this course.
TEXTBOOKS

Class Textbook:
A. The following textbook is the main class text:
Financial Accounting: Tools for Business Decision Making, Edition8th, Kindle
Edition
by Paul D. Kimmel (Author), Jerry J. Weygandt (Author), Donald E. Kieso (Author),
January 13, 2016.

B. Ray H Garrison, Eric W. Noreen, and Peter C. Brewer; Management Accounting, McGraw
Hill, 16th. Edition, 2018.

Reference Books:
C. W. T., Horngren, C. T., & Thomas, C. W. (2016). Financial Accounting (10th Ed.).
New York: Prentice Hall. ISBN: 9780132751124.
D. Financial Statement Analysis , Gibson International edition 13 th edition ,Southwestern
Cengage learning, 2013
E. Black, G. (2010). Applied financial accounting and reporting. London: Oxford
University Press.
Bhattacharyya, A. K. (2009). Financial accounting for business managers. PH
Learning.
Penman, S. H. (2011). Financial statement analysis and security valuation. (4th Ed.).
New York:
McGraw-Hill Publishers.

Class Attendance Policy

1. Students are expected to attend all classes.
2. You are expected to arrive on time for the class.
3. An attendance register will be checked during each lecture period

Class Conduct Policy

1. AUST is an accredited university of international standard. Every student is expected to
behave professionally as a University student.
2. Lecturers will encourage students’ to ask questions. Please feel to ask questions.
3. Students cannot leave the class during lecture time (with the exception of emergencies – i.e.,
going to the bathroom).
4. Class disturbance:
(i) Mobile phones must be switched off during class,
(ii) Loud whispering or talking during lectures is not allowed.