Oct 25, 2020  
University of Alberta Calendar 2020-2021 
    
University of Alberta Calendar 2020-2021

ACCTG 818 - FINANCIAL STATEMENT ANALYSIS


★ 3 (fi 6) (either term, 3-0-0) Develops students' competence in analyzing financial statements and using financial information to make investment decisions, both equity and debt. The primary thrust of the course is aimed at equity investments. Students learn a five step process of analysis for equity investments: (1) An examination of the firm's industry, markets and strategy, (2) An evaluation of the firm's accounting policies and their impact on the financial reports, (3) Applying fundamental analysis to assess financial strengths and weaknesses, (4) Forecasting future earnings and cash flows, and (5) Applying valuation models to assess the current price. A comparable process for lending decisions is then developed. Restricted to students registered in the MFM Program.