Analysis of the Corporate Annual Report

Course Information

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Title: Analysis of the Corporate Annual Report
Category: Accounting and Auditing
Field of Study: Accounting
Course Code: M186
CPE Credits: 4.0
Price: 34.95

Description

Description:

This course focuses on an analysis of the corporate annual report. It helps you interpret and understand its components, including the financial statements, footnotes, review of operations, auditor’s report, supplementary schedules, management discussion and analysis (MD&A), and  Management’s Report On Internal Control Over Financial Reporting. It touches upon how the Sarbanes-Oxley 404 reporting differs from traditional reporting.  The course also teaches you how to calculate and analyze financial ratios and cash flows.

Delivery Method: Online Interactive Self Study

Level: Overview

Prerequisites: None

Advanced Preparation: None

Course Details

Category: Accounting and Auditing

Field of Study: Accounting

Passing Score: 70%

Technical Details: Accounting: Technical

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Objectives

Objectives:

Chapter 1:

  • Identify the basic financial statements included in the annual report and their purpose: the balance sheet, income statement, and statement of cash flows.
  • Recognize the elements of the balance sheet.
  • Recognize how the income statement reveals the entity’s operating performance.
  • Identify a company’s cash inflows and cash outflows.
  • Identify the types of accounts that may exist in the financial statements.

Chapter 2:

  • Identify the other sections and items of the annual report.
  • Recognize auditing standards for internal control over financial reporting, including the Sarbanes-Oxley Act.

Chapter 3:

  • Identify important factors for financial statement analysis.
  • Recognize techniques of horizontal analysis and vertical analysis.
  • Calculate different types of ratios and analyze them.

Chapter 4:

  • Identify types of ratio analysis.
  • Recognize some of the limitations of different ratio analysis.
  • Apply financial ratio calculations.

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Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: No IRS credit for Enrolled Agents.

Profession Identifiers: CPA