Financial Statement Analysis

GSM FI 720

This course is designed to develop skills in interpreting and analyzing external financial reports. Both traditional and recently advocated methods of financial statement analysis will be studied, taking the perspective of investors and creditors. Among the topics to be investigated are: (1) the mechanics of financial statement analysis; (2) managers' incentives in making accounting choices; (3) the usefulness of accounting numbers in an efficient market; and (4) international comparisons of financial statements.