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Course Details

Analysis and Uses of Financial Statements (Course Id 149)

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Author : Jae K. Shim, Ph.D., CPA
Status : Production
CPE Credits : 21.0
IRS Credits : 0
Price : $154.95
Passing Score : 70%
Primary Subject-Field Of Study:

Accounting - Accounting and Auditing for Course Id 149

Description :

Analysis and Uses Of Financial Statements is a primer for financial statement analysis. This course is designed specifically for interested parties who must understand how to read, interpret, and analyze financial statements. This course describes in clear, concise, and understandable language the intricacies of financial statements, and their use by investors, creditors, analysts, auditors, and other interested parties. This course can enhance your chance for success in business and investing; by enabling you to profit form the knowledge, insights, and perceptions of professionals who use financial statement analysis tools and techniques on a day-to-day basis. Realistic examples and illustrations of financial statement analysis are widely used in this course to make the subject matter crystal clear.

Usage Rank : 0
Release : 2012
Version : 1.0
Prerequisites : Basic math.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study.
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 28-Sep-2012
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA Registry - 149

Keywords : Accounting, Analysis, Uses, Financial, Statements, cpe, cpa, online course
Learning Objectives :

Chapter 1

After reading this chapter, you should be able to:
    1. Cite some real-life scenarios and understand why financial statement analysis is necessary to solve some puzzles presented by these scenarios.
    2. Describe the focus of financial statement analysis.
    3. Outline the information needs of investors and creditors.
    4. State the objectives of financial reporting.
    5. Identify the qualitative characteristics of accounting information.

Chapter 2

After reading this chapter, you should be able to:
    1. Describe the basic assumptions of accounting.
    2. Explain the application of the basic principles of accounting.
    3. Explain the meaning of generally accepted accounting principles.
    4. Differentiate the cash basis of accounting from the accrual basis of accounting.
    5. Describe the impact that constraints have on reporting accounting information.

Chapter 3

After reading this chapter, you should be able to:
    1. Interpret the basic financial statements: the balance sheet, income statement, and statement of cash flows.
    2. Explain how the balance sheet portrays a company's financial position.
    3. Describe how the income statement reveals the entity's operating performance.
    4. Determine and assess a company's cash inflows and cash outflows.
    5. State the many types of accounts that may exist in the accounting system.
    6. Outline the usefulness of the statement of cash flows.
    7. Explain what the annual report is and read and understand its components, including the financial.
    statements, footnotes, review of operations, auditor's report, and supplementary schedules.
    8. Discuss managements discussion and analysis (MD&A).
    9. Summarize how the Sarbanes-Oxley 404 reporting differs from traditional reporting.

Chapter 4

After reading this chapter, you should be able to:
    1. Explain what financial statement analysis is and why it is important.
    2. Compare horizontal analysis and vertical analysis.
    3. List the basic components of ratio analysis.
    4. Distinguish between trend analysis, industry comparison, and benchmarking.
    5. Calculate a comprehensive set of financial ratios and interpret them.
    6. Explain the limitations of ratio analysis.

Chapter 5

After reading this chapter, you should be able to:
    1. Define working capital.
    2. Compute and interpret liquidity ratios.
    3. Compute and interpret activity ratios.
    4. Define operating cycle and cash conversion cycle.
    5. Define liquidity and activity and explain how they relate to each other.
    6. Describe the LIFO reserve and explain its importance for comparing results of different companies.

Chapter 6

After reading this chapter, you should be able to:
    1. Define solvency.
    2. List capital structure ratios and explain what they measure.
    3. Measure operating leverage and financial leverage and distinguish between them.

Chapter 7

After reading this chapter, you should be able to:
    1. List and explain various ratios related to profitability.
    2. Explain what ROI or ROA is.
    3. Identify the basic components of the Du Pont formula and to explain how it can be used for profit improvement.
    4. Interpret and compute ROE how it relates to ROI.
    5. Describe how financial leverage affects the stockholder's return.

Chapter 8

After reading this chapter, you should be able to:
    1. Differentiate between two different capital structuressimple and complex.
    2. Compute earnings per share in a simple capital structure.
    3. Compute earnings per share in a complex capital structure.
    4. List market test ratios and calculate them.
    5. Form an overall evaluation on a companys financial performance.
    6. Summarize the limitations of ratio analysis.

Chapter 9

After reading this chapter, you should be able to:
    1. Describe the purpose of the statement of cash flows.
    2. Identify the major classifications of cash flows.
    3. Prepare and analyze the statement of cash flows.
    4. Differentiate between net income and net cash flows from operating activities.
    5. Distinguish between cash flow coverage (or adequacy) ratios and cash flow performance measures.
    6. Analyze and interpret two major categories of cash flow ratios.

Chapter 10

After reading this chapter, you should be able to:
    1. Describe the accounting problems associated with interim reporting.
    2. Outline the disclosure requirements for major segments of a business.
Course Contents :



Chapter 1

Objectives of Financial Statement Analysis and Financial Reporting


Chapter 2

Accounting Assumptions, Principles, Procedures, and Policies


Chapter 3

Understanding Financial Statements


Chapter 4

An Overview of Financial Statement Analysis


Chapter 5

Analysis of Liquidity and Activity


Chapter 6

Analysis of Solvency and Capital Structure


Chapter 7

Profitability Analysis


Chapter 8

Market Strength and Overall Evaluation


Chapter 9

Analysis of Cash Flows


Chapter 10

Interim Statements and Segment Analysis 



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