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Lebanese International University

School of Business
Department of MBA Program
Spring 2014-2015
BRMD 503 MBA Remedial II

Instructors:Mohammad Labban - Hussein Rammal

Office Hours: Business School
Lecture Days: Wednesday 18:30-21:15
Note: If these office hours are not convenient, please make an appointment at a mutually
agreeable time. It is best to make an appointment or you can send an e-mail message.

Course Description
The course involves three parts: the accounting part, the finance part, and the management
information systems part.
The accounting part of this course begins with an overview about accounting, the definition of
accounting, the activities involved in the accounting process, the types of businesses, and the
basic concepts and elements of accounting. This part will also cover topics such as double-entry
bookkeeping, transaction analysis, general journal, general ledger, trial balance, adjusting entries,
adjusted trial balance, financial statements, closing entries, post-closing trial balance, and
correcting entries. Essentially, this part will provide the learners with a relevant knowledge about
the basic steps of the accounting cycle.
The finance part represents a crucial introduction towards financial management, financial
policy, and the other advanced courses in finance. It is a comprehensive, up-to-date, and highly
understandable introduction to finance theory, research, and practice
Management information systems cover MIS theory and practice, and provide experiential
learning by exposure to various decision-support tools for microcomputers
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Course Outcomes
Accounting Part:
1. Learn the generally accepted accounting principles.
2. Apply debit and credit theory.
3. Prepare journal entries, post them to general ledger and prepare a trial balance.
4. Recognize and apply the basic characteristics of accrual and cash basis accounting.
5. Prepare adjusting entries and an adjusted trial balance.
6. Prepare closing entries.
7. Prepare correcting entries.
8. Prepare a classified balance sheet.
Finance Part:
1) Prepare financial statements and know how to interpret them.
2) Apply knowledge of working capital to effectively manage a business for a given situation.
3) Analyze financial statements and show how they are used by managers to improve
performance and by stockholders to forecast earnings, dividends and stock prices.
4) Compare a firm's performance with that of other firms in the same industry.
5) Understand the markets where capital is raised, securities are traded, and stock prices are
established.
6) Understand the relationship between risk and return and measure risk in different ways.
7) Show how the timing of cash flows affect asset values and rate of return.
8) Recognize the types of bonds companies and government agencies issue.
9) Calculate the price of a bond and its rate of return.
10) Recognize the types of stocks companies' issue.
11) Calculate the price of a stock and its rate of return

Management Information Systems Part:

1- Understand basic information systems concepts including
a. Data and information
b. Types of information systems
c. The link between types of information systems and levels of management
d. The evolution of information systems
2- Understand how information systems can contribute to business strategy
3- Understand electronic commerce including different business models
4- Understand basic ethical issues associated with information systems
5- Understand databases and be able to construct a simple access database
6.-Understand the logic and role of more complex information systems including
a. Enterprise systems
b. Knowledge management systems
c. Expert systems
d. Decision support systems
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7-Understand how information systems can be exploited in organizations to achieve greater

competitiveness or effectiveness with a managerial and organizational focus.
8-Describe the framework of IT systems and identify the components and functionality of the
generic concept of systems.
9-Identify ways in which businesses use IT to develop a strategic competitive advantage
10-Identify and discuss major trends in information technology
11-Understand the role and importance of data resource management and how it is used to
support business operations.
12-Identify and illustrate the strategic importance of the Internet to businesses.
13-Differentiate intranets, extranets, and the Internet and illustrate how these technologies are
used in business operations and management

Topics Covered
Accounting Part:
1. Accounting in Action
2. The Recording Process
3. Adjusting the Accounts
4. Completing the Accounting Cycle

Finance Part:
1. Financial Statements, Cash Flow, and Taxes.
2. Analysis of Financial Statements.
3. Time Value of Money.
4. Bonds and Their Valuation.
5. Stocks and Their Valuation
Management Information Systems Part:
1-Information Systems in Global Business Today
2-Global E-Business: How Businesses Use Information Systems
3-Information Systems, Organizations & Strategy
4-IT Infrastructure and Emerging Technologies

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Prerequisites
NA

Co-requisites
NA

Textbook and Recommended Material

Textbooks
Accounting Part:
Principles of Accounting I - Second Edition
Finance Part:
Fundamentals of Financial Management, Eugene Brigham and Joel Houston-Thomson LearningTenth edition.
MIS Part:
Kenneth C. Laudon & Jane P. Laudon - Management Information System Managing the
Digital Firm Twelfth Edition, Prentice Hall

References
NA

Course Schedule

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Week

Textbook/Reference

Topic
CHAPTER ONE: Accounting in Action

Principles of Accounting I Second Edition

1.1
1.2
1.3
1.4
1.5
1.6
1.7
1.8
1.9

What Is Accounting
Who Uses Accounting Data
What Is an Accounting Information System
The Building Blocks of Accounting
Generally Accepted Accounting Principles
The Legal Form of Business Enterprises
Three Types of Businesses
Basic Accounting Equation
Classifications of Assets, Liabilities, and Owner's
Equity

CHAPTER ONE: Accounting in Action

2

Principles of Accounting I Second Edition

1.10Transaction Analysis Using the Accounting

Equation
1.11What Are the Kinds of Financial Statements

CHAPTER TWO: The Recording Process

Principles of Accounting I Second Edition

2.1 Business Transaction

2.2 What Is the Double-Entry System
2.3 What Is an Account
2.4 What Is a Simple Entry and a Compound Entry
2.5 What Do We Mean by Debit and Credit
2.6 Where Does Each Account Increase and Decrease
2.7 Summary of Debit/Credit Rules
2.8 The Basic Steps of the Accounting Cycle
2.9 The Journal
2.10The Ledger
2.11The Trial Balance
2.12Use of Dollar Signs

CHAPTER THREE: Adjusting the Accounts

Principles of Accounting I Second Edition

3.1
3.2
3.3
3.4
3.5
3.6
3.7
3.8
3.9

Fiscal and Calendar Years

Time Period Assumption
Accrual Versus Cash-Basis Accounting
Recognizing Revenues and Expenses
Why Are Adjusting Entries Needed
Characteristics of Adjusting Entries
Types of Adjusting Entries
Summary for Adjusting Entries
The Adjusted Trial Balance and Financial
Statements

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Week

Textbook/Reference

Topic
CHAPTER FOUR: Completing the Accounting Cycle

Principles of Accounting I Second Edition

4.3
4.4
4.5
4.6
4.7
4.8

Closing the Books

Record the Closing Entries
Summary for Closing Entries
Post-Closing Trial Balance
Correcting Entries
The Classified Balance Sheet

Fundamentals of Financial
Management.

Chapter 2: Financial Statements, Cash Flows, and

Taxes
2.1: Financial statements and reports
2.2: The balance sheet
2.3: The income statement
2.4: Statement of retained earning
2.5: Statement of cash flows

Fundamentals of Financial
Management.

Fundamentals of Financial
Management

Chapter 3: Analysis of Financial Statements

3.1: Ratio analysis
3.1: Ratio analysis
3.2: Liquidity ratios
3.3: Asset management ratios
3.4: Debt management ratios
3.5: Profitability ratios
3.6: Market value ratios
3.7: Tying the ratios together: The du pont
equation.
Chapter 6: The Time Value of Money
6.1: Time lines
6.2: Future value
6.3: Present value
6.4: Solving for interest rate and time
6.5: Future value of an annuity
6.6: Present value of an annuity
6.7: Perpetuities
6.8 Uneven cash flow streams
6.9: Semiannual and other compounding periods
6.10: Comparison of different types of interest
rates

Fundamentals of Financial
Management

Chapter 7: Bonds and their Valuation

7.1: Who issues bonds?
7.2: Key characteristics of bonds
7.3: Bond valuation
7.4: Bond yields
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Week

Textbook/Reference

Topic

7.5: Bonds with semiannual coupon

7.6: Default risk
10

Fundamentals of Financial
Management

Chapter 8: Stocks and their valuation

8.1: Types of common stock
8.2: The market of common stock
8.3: Common stock valuation
8.4: Constant growth stocks
8.5: Expected rate of return on a constant growth
stock

11

Management Information
Systems.

Chapter 1: Information Systems in Global

Business Today
1.1 The Role of Information Systems in Business
Today
How I.S. are transforming business
Globalization
The emerging digital firm
Strategic business objectives of I.S.
1.2 Perspective on Information Systems
What is an I.S.? Dimensions of I.S.

12

Management Information
Systems.

Chapter 2: Global E-Business: How Businesses

Use Information Systems
2.1 Business processes and I.S.
Business processes
How I.T. enhances business processes
2.2 Types of business I.S.
Systems for different management groups
TPS MIS/DSS
ESS
Systems for Linking the Enterprise
Enterprise applications
Intranets & Extranets
E-Business, E-Commerce, and E-Government.

13

Management Information
Systems

Chapter 3: Information Systems, Organizations,

and Strategy
3.1 Organizations and I.S.
What is an Organization?
Features of Organizations (overview) 3.2 How
I.S. impact organizations and business firms
Economic impacts
3.3 Using I.S. to achieve competitive advantage
Porters competitive forces model
3.3 Using I.S. to achieve competitive advantage
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Week

Textbook/Reference

Topic

The business value chain model

14

Management Information
Systems.

Chapter 5:IT Infrastructure and Emerging

Technologies:
5.1 IT Infrastructure
5.2 Infrastructure Components (Listing only)
5.3 Cloud Computing p:213.

Method of Instruction
A mix of passive and active techniques will be adopted, primarily:
1.
Instructor Lecture
2.
Class Discussion
3.
Problem Based Learning or Case Study Analysis

Attendance Policy
1.
2.
3.

Attendance in all classes is required. There are no exceptions to this policy.

Roll will be called in the very beginning of each class. If you arrive after roll has been
called, you may be marked as absent.
In any regular semester or summer term, students may miss no more than the equivalent
of one third of class sessions scheduled. Students who exceed the above limits are
automatically given an (AW) grade in the course by the UMS, and consequently not be
allowed to attend class any longer.

Make-Up Examination Policy

As per university council decision, a student is eligible for a Test, Midterm or Final examination
make-up if and only if he/she had the following incidents:
a. Sickness; proved by hospitalization report; that is; a discharge summary is
necessary.
b. Death in the family proved by a death certificate or equivalent and personal
identification.
c. Accidents proved by an expert report.
d. Military/Official engagement.

Course Assessment
This course will be assessed by two main instruments:
1. Online student evaluation construct of 15 questions with Likert scale (5 answers)
2. Class visitation

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These instruments will be reviewed by the department each term. In addition, the School of
Business Council will review the recommendation of the department at the end of each academic
year.

Marking Profile
Evaluation
CAPA
Test I
Test II
Test III
Final

Date

Time

Room

01-04-2015
06-05-2015
03-06-2015
TBA

2 hours
2 hours
2 hours
2 hours

Weight
15%
Auditorium 17%
Auditorium 17%
Auditorium 17%
34%

Chapters Covered
According to Structure
According to Structure
According to Structure
According to Structure

* A student cannot write any examinations without valid university identification. Failing to
have valid university identification will result in assigning a zero mark to the relevant
examination.

Homework
Homework should be clearly presented i.e.:
1. It should be written on A4 paper.
2. It should include a title page (Course Name, Semester, Date, Name).
3. Your instructor will ask you to submit your homework online or as a hard copy. In the
latter case, it should be stapled together.

Notes
1. Photocopied books are not allowed in classroom.
2. Deadline for volunteer withdrawal is on Tuesday, June 02, 2015
3. Exam dates are subject to change.

Assignments
Assignment Week
1

Chapter
Chapter One

Chapter Two

Chapter Three

Chapter Four

Finance Part:
Chapter 2
Finance Part:
Chapter 3

Assignment Details
Practice Questions
(End of Chapter)
Practice Questions
(End of Chapter)
Practice Questions
(End of Chapter)
Practice Questions
(End of Chapter)
2-1, 2-2, 2-4, 2-5, 2-6, 2-8, 211, 2-12, 2-13
3-1, 3-2, 3-3, 3-4, 3-5, 3-6, 37, 3-8, 3-10, 3-11, 3-15, 3-17,

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Finance Part:
Chapter 6

Finance Part:
Chapter 7
Finance Part:
Chapter 8

3-18, 3-21
6-1, 6-2, 6-3, 6-4, 6-5, 6-6, 67, 6-14, 6-15, 6-16, 6-19, 620, 6-22, 6-24, 6-26, 6-28, 629, 6-34, 6-39, 6-44, 6-45
7-1, 7-2, 7-3, 7-4, 7-6, 7-7, 78, 7-10, 7-12, 7-15
8-1, 8-2, 8-3, 8-4, 8-5, 8-6, 88, 8-10, 8-12, 8-14, 8-19, 8-22

10
11
12
13
14

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