Financial Accounting (95-715)

Although basic math skills are required, this course is designed primarily for students without a quantitative background. The focus is on the basics of reading and interpreting financial statements in for-profit companies. 

Owners (shareholders) expect managers to operate their companies in a way that produces profit. As such managers must know how their decisions affect the company’s profits.

Learning Objectives: 

This course endeavours to give student the skills to be a more effective manager. Upon completion of this course, the student will be able to: 

  1. Locate financial information to analyse companies 
  2. Classify accounts in the income statement, balance sheet and cash flow. 
  3. Calculate account balances. 
  4. Determine profitability. 
  5. Understand how managers’ decisions affect the financial statements 
  6. Identify ways the managers can manipulate financial statements. 
  7. Analyze a company’s financial health using ratio analysis.
  • Units