Review the mechanics of financial statement analysis, including balance sheet and income statement analysis, ratio analysis, and cash flow analysis, with an emphasis on quality of earnings analysis.
Receive a balanced view of financial analysis, including both equity and credit analysis, as well as cash-based and earnings-based valuation models
Understand how to analyze free cash flow generation, profitability, and operating efficiency
Learn methods of evaluating the impact of leverage on business risk and return on equity
Recognize how to interpret actual excerpts from financial reports and footnotes
About this course:
Designed for financial and credit analysts; CPA or CFA candidates; investors; business managers; or individuals who are involved in equipment or real estate financing, leasing or trade credit analysis, this course focuses on the mechanics of financial statement analysis, with an emphasis on quality of earnings analysis. Topics covered include balance sheet and income statement analysis, ratio analysis, cash flow analysis, common size analysis and trend analysis. Students are expected to analyze and evaluate free cash flow generation, profitability, operating efficiency and the impact of leverage on business risk and return on equity.
Prerequisites
MGMT X 1A and MGMT X 1B Principles of Financial Accounting or equivalent, or consent of instructor. We also recommend students have some finance work experience, an undergraduate degree in finance or a related field of study or have completed our Accounting Fundamentals Certificate program.
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