8/8/2019 SPRING2006SYLLABUSv2

1/5

COURSE SYLLABUS - Integrated MBA Block IIACC 5105 / FIN 5805 - CONTROLLERSHIP AND THE TREASURY FUNCTION

6 Semester Hours, Spring 2006

I. Instructors:

Nick Fessler, CMA, CPA, Ph.D. Jose Mercado, Ph.D.nfessler@cmsu1.cmsu.edu mercado@cmsu1.cmsu.eduDockery 405D Dockery 301B543-8567 543-8650

Office Hours: Fessler: Tuesday and Thursday 10:00 11:00 A.M, 3:30 5:00 P.M.,and by appointment

Mercado: Tuesday and Thursday 1:00 2:00, 3:30 5:00 P.M.,and by appointment

II. Description of the course:

The course examines converging advanced accounting and finance topics and the comparison and contrastof controller and treasurer perspectives. Emphasis will be placed on cash flow-based financial analysis forpurposes of organization valuation as well as performance measurement to assess and increaseorganization value.

III. Required Text and Supplementary Materials:

Corporate Finance: A Valuation Approach, Benninga and Sarig.Financial Statement Analysis: AValuation Approach, Soffer & Soffer. Supplemental readings of articles will be required. Subscription to

the Wall Street Journalis required. A good financial calculator is recommended (HP 10BII

+

is a goodchoice, but others are also acceptable). Articles, lecture notes, homework exercises, discussion questions,and other supplementary materials can be found at the Course on Blackboard.

IV. Course Specific Outcomes:

1. Gain an understanding of current accounting topics. Discussions may include value analysis,strategic planning, relevance of decision information, activity-based management, financialanalysis, performance evaluation, capacity planning, high-technology investments (e.g., FMS,CIM), and management control systems.

2. Gain an understanding of current finance topics. Discussions may include financial analysis and

interpretation of reported financial information, budgeting, working capital management, firmvaluation, financing needs assessment, risk analysis, asset management, and strategic cash flowand investment planning.

3. Critically evaluate current accounting and finance literature.

4. Perform research and present results and conclusions of a strategic accounting and financialanalysis in an integrated project using appropriate communication modes and techniques.

8/8/2019 SPRING2006SYLLABUSv2

2/5

The instructional objectives correspond to the broad topical areas covered in the course. Each area isoutlined following (I and II combined) along with specific detail of topics to be covered. Listed aftereach topic area are planned student outcomes and assessments.

1 and 2. Gain an understanding of leading edge accounting and finance topics

The student will be exposed to, and will critically evaluate, accounting and finance topicscurrently in use, or proposed for use, from current periodicals, texts, and other contemporarysources.

Student Outcomes for the Topical Exposure and Understanding function:

1. The student will have an understanding of the topics.2. The student will be able to correctly apply current accounting and financial tools.

Assessment:

The student will be required to demonstrate understanding and application of relevant tools inexaminations involving primarily essay questions and application/analysis-type problems.

The student will be required to critically evaluate relevant literature. Article summaries andcritiques will be evaluated for demonstration of conceptual understanding of relevanttopics.

3. Critically evaluate current accounting and finance literature.

Emphasis will be placed on reading and discussing new and integrating methods and topics (someof which are not yet covered in current textbooks) relevant to the controller and/or the corporate

treasurer.

Student Outcomes for the Critical Evaluation of Literature function:

The student will be familiar with current literature and sources of accounting and financeinformation.

The student will possess a confidence and ability to critique written and published relevant works.

Assessment:

The student will be required to critically evaluate relevant literature. Article summaries andcritiques will be evaluated for demonstration of topic relevance, thoroughness of coverageand critique. In-class discussion will be evaluated by the instructors noting familiaritywith the literature, level of preparation, and perceptiveness of comments.

A written term paper and presentation will be required summarizing analysis, results, andconclusions regarding an integrated strategic accounting and financial analysis.

2

8/8/2019 SPRING2006SYLLABUSv2

3/5

4. Perform research and present results and conclusions of a strategic managerial accounting andfinancial analysis

The student will conduct and use effective oral and written communication skills to present thestrategic valuation analysis of an organization.

Student Outcomes for the Research and Presentation function:

1. The student will be able to correctly perform analysis and make application of relevantconcepts.

2. The student will be able to present the information (both in written and oral media) in anappropriate and meaningful way.

Assessment:

The student will be evaluated on the quality of content regarding a strategic valuation analysis of

an organization.The student will be evaluated on the quality of both the written and oral presentation of the

information.

AACSB INTERNATIONAL PERSPECTIVES: The business programs in the Harmon College of BusinessAdministration (HCBA) are accredited by AACSB International. AACSB International was founded in1916 and sets standards for undergraduate and graduate education for business administration andaccounting. Institutions that earn accreditation confirm their commitment to quality continuousimprovement through a rigorous and comprehensive peer review. AACSB International requires businessprograms to provide perspectives in ethical and global issues. In addition, the influence of political,social, legal and regulatory, environmental and technological issues are to be considered. Finally the

impact of demographic diversity on organizations is to be examined. The AACSB Internationalperspectives covered in this course are footnoted in the class schedule.

Course Requirements:

1. The integrating project consists of a group project that results in a written paper and oralpresentations. The students will form groups, pick a company, and perform a thorough financialanalysis of the company and its industry. Analysis specifics will be explained as the classprogresses. A modest amount of class time will be allocated for group interaction and consultationwith the instructors.

2. Readings and/or written analysis exercises will be assigned for each class. Students are expected tocomplete the reading and analysis assignments before coming to class. These will be collected and insome cases graded.

3. Grades are based on class discussion, quizzes, homework, exams, and integrating project content,writing, and oral presentations. The proportions of the final grade will be determined as follows:

Points Percent Points PercentEXAMS: INTEGRATED PROJECT:

3

8/8/2019 SPRING2006SYLLABUSv2

4/5

First 200 20% Written Report 200 20%Second 200 20% Oral presentations 80 8%Final 250 25% Peer review and

Participation 50 5% presentation attendance 20 2%700 70% 300 30%

TOTAL CLASS POINTS 1000

4. All students are required to read, understand, and adhere to the guidelines described in theUniversity Policy on academic honesty. This policy can be found in the Planner Handbook (pp.141-144).

5. Attendance is strongly encouraged. Excused absences will be determined and evaluated by yourinstructors on an individual basis. No makeup exams will be given unless the absence is due to avalid medical emergency or university sponsored activity.

6. Prerequisites: Prerequisite MBA core or permission of graduate advisor. ACC 5105 and FIN 5805

must be taken concurrently.

CONTROLLERSHIP AND THE TREASURY FUNCTION

CLASS SCHEDULE SPRING 2006

INTEGRATED MBA BLOCK II

4

8/8/2019 SPRING2006SYLLABUSv2

5/5

Textbooks--> CP: Corporate Finance FSA: Financial Statement Analysis

WEEK

DATE MO COVERAGE INSTRUCTOR

1 10 JAN COURSE INTRODUCTION BOTH

12 CP: C15 MERCADO

2 17 CP: C1, FSA: C85 MERCADO

19 CP: C52,6 MERCADO

3 24 CP: C52,6 MERCADO

26 FSA: C41,4 FESSLER

4 31 FSA: C4, CP: C21,4 FESSLER

2 FEB CP: C21,4 FESSLER

5 7 TEST 1CP: C1, C2 & C5, FSA: C4 & C8 BOTH9 FSA: C5 FESSLER

6 14 FSA: C5, CP: C62,3 FESSLER

16 CP: C62,3 FESSLER

7 21 CP: C6 & C4 FESSLER

23 SALES GROWTH PRESENTATION BOTH

8 28 CP: C4 FESSLER

2 MAR CP: C4 FESSLER

6-10 SPRING BREAK

9 14 TEST 2CP: C4 & C6, FSA: C5 BOTH16 CP: C8, FSA: C115 MERCADO

10 21 CP: C8, FSA: C115 MERCADO

23 PROFORMA STATEMENTS PRESENTATION BOTH

11 28 CP: C9 MERCADO

30 CP: C9, FSA: C7 MERCADO12 4 APR CP: C101 MERCADO

6 CP: C101 MERCADO13 11 FINAL EXAMCP: C8, C9 & C10, FSA: C7 & C11 BOTH

13 COST-OF-CAPITAL PRESENTATION BOTH

14 18 GROUP WORK

20 FINAL GROUP PRESENTATION BOTH

15 25 FINAL GROUP PRESENTATION BOTH

27 FINAL GROUP PRESENTATION BOTH

2 MAY WRITTEN PAPER DUE1Ethical, 2Global, 3Political, 4Regulatory, 5Technology, 6Demographic Diversity

5