MBA ACC 506 Financial Accounting and Information

Systems
Class MBA Evening
Instructor Moiz Ahmad
Office Location Online Sessions
Counselling Hours By appointment

Class details

Class Timing and Room Online 7:15pm to 9:15pm

Session Day(s) Monday, Wednesday and Friday

Credit Hours: 3 Credit Hours

Email moizahmad8487@gmail.com

Contact # 0300 2033398

Course Description

This is an introductory course in the field of accounting and finance. It is structured help develop a base for understanding accounting

and financial reporting methodologies and concepts. IT is a pre-requisite for a course “Accounting for Decision Making” and aims at

development of skills of students to enable them to read and understand financial statements and draw inferences from its annual

report and other accounting data. It is expected that students would have a reasonable grasp of how financial data is collected and

used for communication within a corporation and with the outside world.

MBA Program Learning Goals

1. Communication Skills
Develop capacity to understand how accounting data is collected and reported for communication

2. Knowledge of All Business Disciplines

Understand how various business disciplines create financial data and how it is recorded for communication.

2. Critical Thinking
Comprehend how financial data impacts various elements of financial statements

4. Ethics
Discuss ethical issues related to accounting and financial data and matters.

5. Glocal Mindset
How accounting and financial reporting requirements are changing and in what ways these are different in several jurisdictions

FAIS Course Learning Outcomes

1. Development of financial Statements and Annual Reports.

 2. Understanding of Financial Statements and Annual Reports
3. Development of cash flow statements and understanding their importance
4. Analysis financial statements.

Skills/Abilities
The course will inculcate analytical skills and team working.

Teaching and Learning Methodology

LMS will be used to share reading material with the students. The pedagogy used for the course will be a combination of:
- Study of annual reports of various Pakistani companies
- Case analysis
- Oral case discussion
- Role Plays/Activities/Experiential Learning
- In Class Assignments
- Slides
- Readings (online and Embedded in Slides)
- Presentations/Debates – both formal and informal
- Exams
- Self-Study

Going Online
Post closure of educational institutions, a shift to online teaching has become an imperative. It is therefore essential to bring
flexibility and appropriate changes in pedagogy, accessibility and also significantly revise educational measurement methodology.

For all classes detailed power point presentations, practice question, cases are being distributed beforehand and discussion is
encouraged through chat. All zoom session will be recorded and shared with students.

Summative evaluations will include online submission of answers to test in a given time frame in lieu of mid-term and final exam
whereas formative assessment will include online submission of multiple choice quiz answers in a given timeframe, class
participation quantification, online submission of power point presentation of individually assigned Pakistan stock Exchange listed
companies along with individual oral critique thereof.

In assessing students both for informal as well as formal aspects, it would be endeavoured that students have clear understanding of
expectations in each case and these tasks become learning tools.

This is NOT a course on technical aspects of accounting and financial matters, but provides exposure to practical aspects of financial
data and information for general usage in businesses.

Course Learning Outcomes mapped to Program Goals

Comm
Knowledge of
unicati Critical Glocal
All Business Ethics
on Skills Mindset
Program Goals Areas
Skills

Course
Learning
 Outcomes

Develop capacity to understand how accounting

1 X X X
data is collected and reported for communication

Understanding of Financial Statements

2 and Annual Reports X X X X X

Development of cash flow statements and understanding

3 their importance X X X X X

Analysis financial statements.

4 X X X X

Session # Topics Reading/Reference Material

1  Introduction---Classroom attendance and disciplinary norms  Chapter 1 Accounting
 Course Over-view Information Systems by
 Business, Systems and Regulatory Environment Marshall B. Romney and Paul
John Steinbart
2–5  Business Processes  Chapter 2 Accounting
 Chart of Accounts Information Systems by
 Revenue Cycle Marshall B. Romney and Paul
 Expenditure Cycle John Steinbart
 Production Cycle  Annual reports
 Human Resources/ Payroll Cycle  Chapter 1 to 4; Using Financial
 Financing Cycle Accounting Information, The
 Accounting as a form of communication Alternate to Debit and Credit
 Processing of Financial Information by Gary A. Porter and Curtis L.
 Understanding Financial Statement Norton
 Financial Stewardship and Oversight; Financial Reporting System
 Disclosures and Transparency
 Financial Statements and the Annual Report
 Ethical Issues
6 Control and Accounting Information Systems  Chapter 5 Accounting
Information Systems by
Marshall B. Romney and Paul
John Steinbart
 Chapter 6; Using Financial
Accounting Information, The
Alternate to Debit and Credit
by Gary A. Porter and Curtis L.
Norton
7–10  The Revenue Cycle and Systems  Chapter 10 Accounting
 Revenue Recognition Information Systems by
 Accounts Receivable Marshall B. Romney and Paul
 Investments John Steinbart
 Chapter 4 and 7; Using
Financial Accounting
Information, The Alternate to
Debit and Credit by Gary A.
Porter and Curtis L. Norton
 Case Study
11– 13  Expenditure Cycle and Systems  Chapter 11 to 13 Accounting
 Human Resource Cycle and Systems Information Systems by
 Production Cycle and Systems Marshall B. Romney and Paul
 Inventories John Steinbart
 Cost of Goods Sold  Chapter 5; Using Financial
 Accounting Information, The
Alternate to Debit and Credit
by Gary A. Porter and Curtis L.
Norton
 Case Study
14-15 Operating Assets  Chapters 8; Using Financial
Accounting Information, The
Alternate to Debit and Credit
by Gary A. Porter and Curtis L.
Norton
16  Financing Cycle  Chapters 9-11; Using Financial
 Stakeholders Equity Accounting Information, The
 Long term Financing and Liabilities Alternate to Debit and Credit
 Current Liabilities by Gary A. Porter and Curtis L.
 Contingencies Norton
 Practice Questions
 Case Study

17 Statement ofCash Flow.  Chapter 12; Using Financial

Accounting Information, The
Alternate to Debit and Credit
by Gary A. Porter and Curtis L.
Norton
 Case Study
18 Management Information Reports and Financial Statements Analysis  Chapter 13; Using Financial
Accounting Information, The
Alternate to Debit and Credit
by Gary A. Porter and Curtis L.
Norton

19 - 24 Class Presentation on Annual Reports and Industries  Individual Presentation and

Discussions

Text Book and Pre Course Reading Material, Important Dates.

Recommended Text
1. Using Financial Accounting Information, The Alternate to Debit and Credit by Gary A. Porter and Curtis L. Norton – Seventh
edition
2. Accounting Information Systems, by Marshall B. Romney and Paul John Steinbart
3. Annual reports

Secondary Texts
a. Financial Analysis Tools and Techniques; A Guide for Managers Edrich A. Helfert Tenth Edition
b. Financial Accounting by Weygandt, Kimmel and Kieso

Prerequisite Skills and Knowledge to take this Course

Be comfortable with using technology for learning.

Assessment Due Date Remarks

Ongoing Details regarding CP are given later on in this

Home Assignments document.

Presentation Last six sessions A separate ‘Assignments’ Detail’ Document will

 be provided to students.

Online There will be an online one mid-term for this

Timed Test course

Online There will be an online one mid-term for this

Quiz course

This course follows absolute grading.

Marks Distribution

Course Program Program

Total Total Marks Total Marks
Marks Head Learning Goals Objectives
Frequency Exempted /Frequency /Head
Outcomes

Home Assignments 4 0 10

Presentations 1 0 55

Quiz 2 0 20

Timed Test 1 0 15

0 0

 Total Marks 100

Comments and/or Suggestions

Students may see the faculty by appointment in case of any problem or issue that needs attention.

Technology Requirements

Zoom, Computer

Academic Conduct

IBA policy

Attendance Policy

IBA policy

Plagiarism Policy
IBA policy

Withdrawal Policy

IBA policy