This course will familiarize business managers, financial professionals, and other business professionals with methods to determine the credibility of an annual report, as well as the degree of disclosure that is required. The course begins by examining how the CPA can address credibility issues, primarily through the auditing process. It also examines the important contribution of the notes towards an analysis of financial statements.Learning Objectives
- Reading an Annual Report
- Recognize the importance of a financial report's credibility, in order to gain a complete picture of the company's performance and accounting methods.
- The Keys to Credibility
- Identify and distinguish the primary indicators of a credible annual report.
- The CPA Audit
- Interpret an auditor's opinion of a financial report.
- Determine the amount and type of disclosure that is required for an annual report.
- Quality of Earnings
- Notes to Financial Statements
- Recognize the necessity of understanding the notes to a financial report.
- Required Notes
- Determine which items of disclosure must appear in the notes to a financial report.
- Additional Notes
- Differentiate between additional disclosure information and information that does not belong in the notes.
- Analyzing the Notes
This course is targeted specifically for business managers, financial professionals, and other business professionals who have the need to understand financial statements.