GBUS 7601 FINANCIAL REPORTING AND ANALYSIS

 

 

This course is intended to provide students with a comprehensive conceptual and applied understanding of our society’s accounting and financial-reporting system and an in-depth look at the numerous factors that managers and executives must consider as they confront complex and difficult financial-accounting and reporting issues. Students will examine these issues from both a rigorous theoretical perspective and an informed practical perspective. Students also will explore such traditional issues as revenue recognition, cash-flow analysis, deferred taxes and leases, and contemporary issues such as pensions and other postemployment benefits, stock compensation, and financial derivatives. Although the primary focus of the course will be on accounting and reporting practices in the United States, students will also address the significant progress that has been made toward the convergence of U.S. GAAP and International Financial Reporting Standards (IFRS). By the end of the course, students should be reasonably proficient at understanding, interpreting, and analyzing the information contained in corporate financial statements and their related footnotes and also able to judge the overall quality of a company’s financial reporting, identify critical accounting policies, and assess the reasonableness of those policies and their supporting estimates and judgments.

 

Academic course objectives:

 

·         Provide students with the skills necessary to understand, interpret, and analyze corporate financial statements and footnotes

·         Present the financial reporting process predominately from a business perspective rather than from a purely accounting perspective

·         Present a variety of financial reporting issues that require students to identify acceptable alternatives, make decisions, and defend their decisions

·         Expose students to certain differences between U.S. and international accounting standards and practices and the movement toward their convergence, thus developing their global awareness and understanding

 

Elements of the course grade:

 

Class contribution       40%

Final examination        60%