COURSE LEARNING OUTCOMES
Upon successful completion of this course, students will be able to
1. Determine the objective(s) of financial reporting.
2. Explain the qualitative characteristics of financial information in investing and lending decision making.
3. Compile financial statements from a given set of economic events under GAAP that take into account the effect of accruals and deferrals.
4. Originate the accounting of reporting cash, receivables, inventory, long-term assets, and liabilities on financial statements.
5. Analyze financial statements to assess a firm’s liquidity, solvency, and profitability.
6. Determine the risk of investing in a company based on the firm’s financial condition, performance, and earnings management.