The course provides a foundation on accounting policies and principles and develops students’ understanding of financial reporting. It covers the articulation of financial elements from which financial statements are constructed. The emphasis is analysis and interpretation of different kinds of financial statements using relevant financial analytical tools and utilizing such information to in making sound financial and economic decisions.
Student Learning Outcomes
On successful completion of the course, students will be able to
- Become aware of the accounting concepts and the formats used in financial statements such as the balance sheet, the income statement and the cash flow statement, and the financial reporting practices of different forms of organizations
- Prepare and interpret cash flow statements and develop a clear understanding of cash flow from various sources such as operations, investment and financing activities
- Analyze financial statements using standard financial ratios such as liquidity, profitability, turnover and market value
- Applying projection techniques to forecast a firm’s short-term and long-term financial needs
- Analyze a firm’s performance by reviewing annual reports to determine its strengths and weaknesses and be able to use financial