ACCT 422 - Financial Report and Analysis

Credits: 3

This course explores the mechanics of financial statement analysis, including balance sheets, income statements, and cash flows. Topics include horizontal, vertical, and ratio analysis of corporate financial statements as well as evaluating corporate performance. Focus is placed on the interpretation of financial statements and disclosures from corporate annual reports, SEC filings, etc.Provides an understanding of the regulatory environment in which financial reporting and auditing take place in the USA. The course examines changes in the auditing profession over the past 25 years that contributed to the ethical and professional lapses associated with a number of financial failures (Enron, WorldCom, etc.), ethical challenges facing CPAs, current controversial issues in financial reporting, and an introduction to fraud auditing and forensic accounting.

Prereq (may be taken concurrently): ACCT 202

Term(s) Offered: Fall, Spring

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