Financial Statements and Analysis of Companies
Description: This course provides an overview of how managers, investors, creditors, and other parties use financial information to make decisions in companies. Unit 1 is a study of how a company’s transactions are measured, recorded and presented to stakeholders. Transactions are recorded into accounts as they occur. At the end of the year, the final accounts are organized into three primary financial statements – the Income Statement, Balance Sheet and Statement of Cash Flows. Exam #1 will be given at the end of Unit 1. Unit 2 looks at the Annual Report and Form 10-K that is prepared by publicly held companies. You will learn techniques such as Common Sizing, Absolute and Percentage Changes and Finacila Ratios to help you analyze an company for which you have no information except the annual published financial report or financial statements. Exam #2 will be given at the end of Unit 2.
Learning Outcomes: At the end of this course, you should be able to: - Prepare a Balance Sheet and Income Statement for a simple organization - Given the Balance Sheet, Income Statement, Statement of Cash Flows and other information in an actual organization’s audited financial statements, compute relevant ratios and analyze the Financial Condition and Operating Position of the company or NPO. - Locate financial and other related information for companies in their Annual Report and 10-K