GE3050 Financial Reporting and Analysis

This course covers theory, concepts, and practices underlying Financial Accounting and Financial Reporting. The conceptual structure underlying the reporting of economic events in the form of the balance sheet, the income statement, and the statement of cash flows is first presented. Accounting recognition and measurement issues surrounding revenues, expenses, assets, liabilities and equity are introduced and analyzed. Finally, different forms of financial analysis based on financial report information are addressed. Throughout the course, emphasis is placed on the manager or user perspective. Attention is given to the federal government financial reporting model and standards. Prerequisite: None.

Lecture Hours

3

Lab Hours

0

Course Learning Outcomes

• Develop a foundational understanding of the basic elements of a corporate financial report.  On the balance sheet these elements include assets, liabilities, and equity.  On the income statement these elements include revenues and expenses.  Additional elements include notes to the financial statements and the audit report.  
• Compare and contrast corporate and federal financial reporting.
• Apply financial analysis techniques that help them become more effective consumers of financial information, either as an external user or an internal manager.