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.
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.
Balance Sheets
Outline advantages and disadvantages of using different depreciation methods.
Analyze a consolidated balance sheet.
Analyze the various key components of a balance sheet.
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.
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.
Quality Reporting
Describe various accounting choices and assumptions that may affect financial statements.
Analyze the effect of accounting choices on the quality of financial reporting.
Identify quality issues of a company’s reporting practices.
Financial Statement Analysis
Summarize the process of analyzing a set of financial statements.
Evaluate a firm’s financial health based on financial statement information.
The University of Phoenix reserves the right to modify courses.
While widely available, not all programs are available in all locations or in both online and on-campus formats. Please check with a University Enrollment Advisor.
Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.
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