ACTG 3000 3.00
|Title||FINANCIAL REPORTING AND ANALYSIS|
|Department||ACCOUNTING - ROOM SSB S344K, (416) 736-5062 fax (416) 736-5687|
Publicly-issued financial statements are "general purpose" statements, issued to a variety of users and prepared using generally accepted accounting principles (GAAP). However, the statements are based on management's financial reporting objectives (e.g. profit maximization; income smoothing; tax minimization), as well as on many management estimates and disclosure decisions. Statements based on GAAP do not usually reflect the needs of the individual user. In this course, students will learn to apply diagnostic, analytical and judgmental skills to understanding financial statements from the point of view of external users who need to make various types of decisions such as performance evaluation, loan decisions, and stock valuation.
Note: Not available to exchange students visiting Schulich.