MBA ACC 506 Financial Accounting and Information

Systems
Class MBA
Instructor Moiz Ahmad
Office Location Seminar Room No., Main Campus
Counselling Hours By appointment

Class details

Class Timing and Room Main Campus ( Section 1; 9am to 11am – Section 2 11:30am to 13:30pm)

Session Day(s) Monday and Wednesday

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 to 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

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

1 accounting data is collected and reported for X X X
communication

Understanding of Financial Statements

2 and Annual Reports X X X X X

Development of cash flow statements and

3 understanding 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
2–6  Business Processes  Chapter 2 Accounting
 Chart of Accounts Information Systems by
 Revenue Cycle Marshall B. Romney and
 Expenditure Cycle Paul John Steinbart
 Production Cycle  Annual reports
 Human Resources/ Payroll Cycle  Chapter 1 to 4; Using
 Financing Cycle Financial Accounting
 Accounting as a form of communication Information, The Alternate
 Processing of Financial Information to Debit and Credit by
 Understanding Financial Statement Gary A. Porter and Curtis
 Financial Stewardship and Oversight; Financial Reporting L. Norton
System
 Disclosures and Transparency
 Financial Statements and the Annual Report
 Ethical Issues
7 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
8 – 11  The Revenue Cycle and Systems  Chapter 10 Accounting
 Revenue Recognition Information Systems by
 Accounts Receivable Marshall B. Romney and
 Investments Paul 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
12 – 18  Expenditure Cycle and Systems  Chapter 11 to 13
 Human Resource Cycle and Systems Accounting Information
 Production Cycle and Systems Systems by Marshall B.
 Inventories Romney and Paul John
 Cost of Goods Sold Steinbart
 Chapter 5; Using Financial
Accounting Information,
The Alternate to Debit and
Credit by Gary A. Porter
and Curtis L. Norton
 Case Study
19 – 20 Operating Assets  Chapters 8; Using
Financial Accounting
Information, The Alternate
to Debit and Credit by
Gary A. Porter and Curtis
L. Norton
 21 – 23  Financing Cycle  Chapters 9-11; Using
 Stakeholders Equity Financial Accounting
 Long term Financing and Liabilities Information, The Alternate
 Current Liabilities to Debit and Credit by
 Contingencies Gary A. Porter and Curtis
L. Norton
 Practice Questions
 Case Study

24 – 25 Statement of Cash Flow.  Chapter 12; Using

Financial Accounting
Information, The Alternate
to Debit and Credit by
Gary A. Porter and Curtis
L. Norton
 Case Study
26 – 28 Management Information Reports and Financial Statements  Chapter 13; Using
Analysis Financial Accounting
Information, The Alternate
to Debit and Credit by
Gary A. Porter and Curtis
L. Norton

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

CP and Assignments document.

Ongoing A separate ‘Assignments’ Detail’ Document will

Class Debates and
be provided to students.
Presentations

Mid-term Exam Week There is only one mid-term for this course
Mid Term Paper
Final Exam Week Final Exam Week
Final Paper
 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

CP and Assignments Ongoing 0 15

Class Debates and

Ongoing 0 15
Presentations

Quiz 1 0 10

Mid Term Paper 1 0 25

Final Paper 1 0 35

Total Marks 100

Class participation

Class Participation encompasses being committed to the course in several ways though out the
semester. This commitment is not restricted to avoidance of frequent late comings and/or shying
away from discussion etc but its reflection is expectd in general conduct in the class in terms of
raising the bar of learning and sharing.

Comments and/or Suggestions

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

Technology Requirements

You are encouraged to bring your laptop/tablet to the class if possible.

Academic Conduct

IBA policy

Attendance Policy

IBA policy

Plagiarism Policy

IBA policy

Withdrawal Policy

IBA policy