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.
Evaluate a firm’s financial health based on financial statement information.
Summarize the process of analyzing a set of financial statements.
Quality Reporting
Identify quality issues of a company’s reporting practices.
Analyze the effect of accounting choices on the quality of financial reporting.
Describe various accounting choices and assumptions that may affect financial statements.
Statement of Cash Flows
Assess the importance of the cash flow statement as a financial statement analysis tool.
Analyze key components of statements of cash flows.
Statement of Cash Flows
Prepare a consolidated statement of cash flows using the indirect method.
Distinguish cash flow from operating, investing, and financing activities.
Income Statements and Stockholder's Equity
Define stock dividends, stock splits, reverse splits, and effects on per share calculations.
Analyze operating income, earnings per share, and comprehensive income.
Interpret income statements using analysis methods for valuing companies.
Balance Sheets
Analyze the various key components of a balance sheet.
Analyze a consolidated balance sheet.
Outline advantages and disadvantages of using different depreciation methods.
Introduction to Financial Statements
Assess the strengths and weaknesses of a company’s financial statement.
Discuss the importance of the Sarbanes-Oxley Act of 2002.
Determine the influence of the Securities Exchange Commission (SEC) and the Financial Accounting Standards Board (FASB).
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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.