Analysis of the Corporate Annual Report (3 Hrs)

Course Description

Analysis of the Corporate Annual Report

This course focuses on an analysis of the corporate annual report. It help you interpret and understand its components, including the financial statements, footnotes, review of operations, auditor’s report, supplementary schedules,  management discussion and analysis (MD&A), and  Management’s Report On Internal Control Over Financial Reporting. It touches upon how the Sarbanes-Oxley 404 reporting differs from traditional reporting.  The course also teaches you how to perform financial ratio and cash flow analyses.

Course information

Price: $47
Course No. 7024
Format: Online pdf (85 pages).
Prerequisites: None
Advance Preparation: None
Level: Overview
CPE Credit: 3 hrs.
Field of Study: Accounting
Course expiration: You have one year from date of purchase to complete the course.
Course Revision Date: February 2014

Objectives

Upon completion of this course, you should be able to:

* Identify the basic financial statements of the annual report and their purpose: the balance sheet, income statement, and statement of cash flows.
* Explain how the balance sheet portrays a company’s financial position.
* Describe how the income statement reveals the entity’s operating performance.
* List a company’s cash inflows and cash outflows.
* Identify the types of accounts that may exist in the financial statements.
* Identify the other sections of the annual report including: highlights, review of operations, auditor’s report, footnotes, and supplementary schedules.
* Define what management’s discussion and analysis (MD&A) involves.
* State how the Sarbanes-Oxley 404 reporting differs from traditional reporting.
* Explain what financial statement analysis is and why it is important.
* Compare horizontal analysis and vertical analysis.
* List the basic components for different types of ratio analysis.
* Distinguish between trend analysis and industry comparison.
* Identify three different types of ratio analysis: liquidity, asset utilization and solvency.
* Calculate a comprehensive set of financial ratios and interpret them.
* Identify two more types of ratio analysis: profitability and market value.
* Calculate a comprehensive set of financial ratios and interpret them.
* Explain the limitations of ratio analysis.


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