Analyzing corporate financial statements to understand how accounting concepts, reporting flexibility, business complexities, economic factors, and managerial incentives influence financial reporting decisions and shape the information ultimately presented to external stakeholders.
Athena Title
Financial Report and Analysis
Equivalent Courses
Not open to students with credit in ACCT 5001, ACCT 7001
Non-Traditional Format
This course will be taught 95% or more online.
Prerequisite
ACCT 2101 or ACCT 2101E or ACCT 2101H
Semester Course Offered
Offered every year.
Grading System
A - F (Traditional)
Student learning Outcomes
Students will understand the role of the accounting cycle in the preparation of financial statements.
Students will describe the appropriate measurement bases for elements of financial statements and explain the interrelationships among the financial statements.
Students will interpret, analyze, and evaluate the financial statements and footnotes of publicly traded companies using financial ratio analysis to appraise past performance, predict future performance, and identify the stronger performer.
Students will assess areas within the financial statements that allow for judgment and flexibility, which are subject to potential misstatement or earnings management.
Topical Outline
Review of the Accounting Cycle and Financial Statements
Balance Sheet, Income Statement, Statement of Cash Flows and Profitability Analysis
Revenue Recognition
Reserves and Accounts Receivable, including Allowances
Valuation of Inventories
Tangible Assets/Depreciation, and Intangible Assets/Impairments
Investments
Long-Term Liabilities
Accounting for Income Taxes
Stockholder’s Equity, Dilutive Securities and Earnings Per Share
Institutional Competencies Learning Outcomes
Analytical Thinking
The ability to reason, interpret, analyze, and solve problems from a wide array of authentic contexts.
