The course emphasizes the use of financial statements by an analyst rather than on their preparation by an accountant. It is designed to prepare you to interpret and analyze financial statements for tasks involving credit and security analyses, and other decisions that depend on financial data.
Course Learning Objectives
- Demonstrate a thorough knowledge of the most important Generally Accepted Accounting Principles (GAAP) and know how they are used to determine the individual items found in financial reports.
- Understand how various accounting alternatives affect reported net income, stockholders’ equity, cash flow and important financial ratios.
- Understand that financial statements cannot be accepted at face value.
- Understand how the accounting process measures the values of the various items that appear on financial statements.