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Calvin College    
  Jan 16, 2018
2017-2018 Catalog
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ACCT 205 - Financial Reporting and Analysis

SP. This course takes a stakeholder-oriented approach to the study of financial reporting and analysis. Students will evaluate the role of the statement of operations, the statement of financial position, the statement of cash flows, footnote disclosures, management discussion and analysis, SEC filings, and the annual report in the financial reporting process. Topics include a comparison of US Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS), the effects of alternative accounting methods on financial analysis, and the analysis of past firm performance and forecasts of future performance. Students will analyze financial statements and related data to derive estimates and develop inferences useful in business decisions and evaluate organizational efficiency, financial condition, profitability, liquidity, and solvency by means of ratio analysis, common-size analysis, trend analysis and industry comparisons. Prerequisite: ACCT 204.

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