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Office: GSB 4.128.H
Contact info: 512.471.3081 JKamas@austin.rr.com
Office Hours: 11:00-12:00 a.m. on Monday and Wednesday
Web Site: TBD

Teaching Assistant: Joon Lee

TA Office Hours: 2:00 to 3:30 on Tuesday and Thursday
TA Contact info: 512.232.6116, CBA 4.352, Joon.Lee@phd.bus.utexas.edu

Textbook: Financial Reporting and Statement Analysis by Clyde P.

Stickney and Paul R. Brown, Fourth Edition
Class: MWF from 8:30-11:00 a.m. in CBA 4.326.

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This course has many objectives. A few key objectives are as follows:

1)Y Encourage you to think in a new and more creative way when analyzing or
forecasting financial information.
2)Y Introduce new tools common to financial statement analysis and how to use
them in practical applications.
3)Y Understand how financial statement information can help solve business
problems.
4)Y Increase your ability to read and understand financial statements and related
information.
5)Y Increase your understanding of the use of financial statement analysis in
realistic scenarios.

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Common reasons for performing financial statement analysis include valuing new and
ongoing businesses, extending credit, assessing performance or possible risk, and
estimating future performance. This course provides an overview of the use of
financial statement analysis process through the following five steps:
a)Y Analyzing the industry and economic environment in which the firm operates.
b)Y Analyzing the strategies that a company pursues.
c)Y Analyzing and understanding the financial statements of the firm.
d)Y Assess the profitability and risk of the firm.
e)Y Estimating the value of the firm.

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The Class web site is located at: TBD
At this link you will find the syllabus, assignments, overhead slides for each class,
and other pertinent class information.
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J 
Much of the work for the class will be done in groups. Informal groups for in-class
exercises will be developed as needed. Groups (4-5) for written exercises conducted
outside class will be formed on the first day of class. Any changes must be approved
through me.


  
We will meet three times per week for two and ½ hours. Anticipate spending the
first part of each class discussing or presenting the assignment for that session
(many times as a group). Presentation assignments will be made the second day of
class. Anticipate presenting one case and one assignment. We will have a short
break during each class period.
During the second part of each class session we will have a lecture and/or discussion
of the new topic that will be the basis for the next week¶s assignment. Please be
prepared for each class by completing the reading assignment and prepare the
written assignment for that day. You will be asked to turn in the written
assignments at the first of the class.

  

Grades for the course will be determined based on the following:

·  

Midterm Exam 30%
Final Exam 20%
Class Participation 10%
Assignments (Daily/Final) 40%
Total 100%

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oThe Department of Accounting has no tolerance for acts of scholastic
dishonesty. The responsibilities of both students and faculty with regard to
scholastic dishonesty are described in detail in the department's Policy
Statement on Scholastic Dishonesty in the MPA Program and the Professional
Program in Accounting. By teaching this course, I have agreed to observe all
of the faculty responsibilities described in that document. By enrolling in this
class, you have agreed to observe all of the student responsibilities described
in that document. If the application of that Policy Statement to this class and
its assignments is unclear in any way, it is your responsibility to ask me for
clarification.o
Further information can also be found on the following links:
http://texasmba.bus.utexas.edu/students/academics/honor/hnrcdprp.asp
http://www.bus.utexas.edu/dept/accounting/honesty.html


 



The University has requested that I include the following information in this syllabus:
The University of Texas at Austin provides upon request appropriate
academic accommodations for qualified students with disabilities. For
more information, contact the Office of the Dean of Students at 471-
6259, 471-4641 TTY.
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 ± Summer 2002
J. William Kamas
   
  








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7.15.02 Introduction Chapters 1 & 2 None
M Stickney & Brown

7.17.02 Income versus Cash Chapters 1 & 2 None

W Flows Stickney & Brown

7.19.02 Profitability & Risk Chapter 1, 2, & 3 Group assignments:

F Analysis Stickney & Brown 2.8 and 2.9
7.22.02 Earnings Sustainability Chapter 4 Group Assignment:
M Stickney & Brown Case 3.2

7.24.02 Income Recognition, Chapter 5 Group assignments:

W Inventory, Asset Stickney & Brown 4.2 and 4.5
Accounting
7.26.02 Liability Recognition, Chapter 6 Group assignments:
F Stickney & Brown 5.3 and 5.4

7.29.02 Midterm Exam None None

M Chapters 1-5
7.31.02 Corporate Acquisitions Chapter 7 Review & Speaker
W Stickney & Brown 6.3, 6.4 and 6.5

8.02.02 Profitability Analysis Chapter 8 Group assignments:

F Stickney & Brown 7.3 and 7.4

8.05.02 Risk Chapter 9 Group assignments:

M Stickney & Brown 8.7, 8.8, 8.9 (pick 2)

8.07.02 Forecasting / Pro Forma Chapter 10 Group assignments:

W Statement Stickney & Brown Case 9.1

8.09.02 Cash Flow Valuation Chapter 11 Group assignments:

F Stickney & Brown 10.7

8.12.02 Special Topics in Chapter 12* Group assignments:

M Valuation Stickney & Brown 11.3 and 11.6
* Tentative
8.14.02 Wrap Up & Review TBD
W
8.16.02 Final Exam None
F Chapters 6-12
TBD Final Group assignment:
TBD