95-715 Financial Accounting (Financial Statement Literacy and Analysis)

• 6 units

In the US, the presentation of financial statements is driven by a set of rules known as Generally Accepted Accounting Principles. Application of these rules varies depending upon the industry and business model. However some say that rules are made to be broken (or perhaps liberally interpreted). With such a board variety of rules, the choices made about how to apply these rule impact the numbers in the financial statements and may misrepresent the actual performance of the company.

The course focuses on computing account balances, analyzing the financial statements and how users can be and have been deceived by misleading accounting practices.