BUS 512 - Financial Reporting and Analysis
Financial reports are used mainly to set up and monitor contracts between the firm and its stakeholders, and to value these stakeholders’ claims on the firm’s assets. As such, financial reporting plays a vital role in everyday commerce and in the broader functioning of a market economy. Still, to the average business person, financial reports are nothing short of impenetrable and daunting. Business leaders must feel comfortable evaluating and discussing financial information, so understanding and analyzing financial re-ports is a core competency that you need to start developing early on in the MBA program. This course will teach you the basics of financial reporting and analysis. The first part of the course deals with the mechanics of financial statements, while the second part tackles widely used fundamental analysis techniques. Then we will spend the last half of the course integrating the first two parts by focusing on the measurement, reporting and analysis of common business transactions. Start your grounding in financial accounting theory and application, first by using financial statements in corporate annual reports; then by understanding the impact of business decision making on financial statements. Includes an introduction to accounting policy issues and how policy affects business strategy and management decisions.