|(3 cr.) In this course, students gain an additional
understanding of the accounting numbers that
appear in financial statements for accounts such
as receivables, deferred revenue and leases.
Topics include revenue recognition,
income-statement geography, short-term liquidity,
working-capital efficiencies, solvency, cash-flow
analysis and quarterly reporting. Also
considered are the many reporting choices given
to firms and how their use of different
accounting methods for similar economic events
creates challenges for analysts. Instances of
questionable financial reporting and strategies
that can aid in their discovery are addressed.
Firms' filings of financial statements and note
disclosures with the SEC on Form 10-K are
examined throughout the course. In addition, the
usefulness of governance disclosures contained
within firms' proxy statements is considered.
Every Year, Fall|