MBA 502 – Financial Reporting and Control

Course Title: Financial Reporting and Control
Course Code: MBA 502
Credits: 3

Course Overview:

Financial Reporting and Control (MBA 502) is a comprehensive course designed to provide students with a foundational understanding of accounting principles and financial statement analysis. The course aims to equip students with the skills necessary to interpret and analyze financial statements, understand the regulatory environment of financial reporting, and use financial information for decision-making in a business context.

Course Objectives:

• Introduce key accounting principles and concepts, including the accounting cycle, double-entry bookkeeping, and the accrual basis of accounting.
• Develop the ability to prepare and interpret the primary financial statements: the income statement, balance sheet, and cash flow statement.
• Explore the regulatory environment governing financial reporting, including the role of generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS).
• Analyze financial statements to assess an organization’s financial health, profitability, and liquidity.
• Understand the importance of internal controls in safeguarding assets and ensuring the accuracy of financial information.
• Discuss the ethical considerations in financial reporting and the implications of financial misreporting.

Learning Outcomes:

Upon successful completion of this course, students will be able to:

1. Demonstrate a solid understanding of fundamental accounting principles and their application in financial reporting.
2. Prepare and analyze financial statements to make informed business decisions.
3. Evaluate the financial performance and position of an organization using ratio analysis and other financial metrics.
4. Recognize the significance of regulatory standards in financial reporting and their impact on business practices.
5. Identify and discuss ethical issues in financial reporting and develop strategies to address them.

Assessment Methods:

• Quizzes and assignments to test understanding of accounting principles and financial statement preparation.
• Case studies and group projects to analyze real-world financial reporting scenarios.
• Midterm and final exams to evaluate comprehension of course material and application of financial analysis techniques.

Recommended Reading:

• “Financial Accounting: An Introduction to Concepts, Methods, and Uses” by Clyde P. Stickney, Roman L. Weil, and Katherine Schipper.
• “Intermediate Accounting” by Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield.