Financial Reporting: Peeking Under The Financial Hood – acc230 (3 credits)
In this course, students will learn to analyze financial statements and methods used to value companies. Financial reports help managers choose between business paths. They also help investors and analysts evaluate the financial health of companies. This course is a practical means of discovering how financial data are generated and their limitations; techniques for analyzing the flow of business funds; and methods for selecting and interpreting financial ratios. It also presents analytical tools for predicting and testing assumptions about a firm’s performance.
Identify quality issues of a company’s reporting practices.
Describe various accounting choices and assumptions that may affect financial statements.
Analyze the effect of accounting choices on the quality of financial reporting.
Financial Statement Analysis
Evaluate a firm’s financial health based on financial statement information.
Summarize the process of analyzing a set of financial statements.
Introduction to Financial Statements
Determine the influence of the Securities Exchange Commission (SEC) and the Financial Accounting Standards Board (FASB).
Discuss the importance of the Sarbanes-Oxley Act of 2002.
Assess the strengths and weaknesses of a company’s financial statement.
Income Statements and Stockholder's Equity
Interpret income statements using analysis methods for valuing companies.
Analyze operating income, earnings per share, and comprehensive income.
Define stock dividends, stock splits, reverse splits, and effects on per share calculations.
Outline advantages and disadvantages of using different depreciation methods.
Analyze a consolidated balance sheet.
Analyze the various key components of a balance sheet.
Statement of Cash Flows
Distinguish cash flow from operating, investing, and financing activities.
Prepare a consolidated statement of cash flows using the indirect method.
Statement of Cash Flows
Analyze key components of statements of cash flows.
Assess the importance of the cash flow statement as a financial statement analysis tool.
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