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This course is designed to impart basic knowledge on reviewing and analyzing financial statements.
1.Read, understand, interpret and analyse general purpose financial reports;
2.Understand differing accounting policies and their impact on financial statements; 3.Evaluate different types of performance measurement systems in accounting and commonly used financial control systems; 4.Demonstrate knowledge of management accounting concepts and techniques
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Module:I
Basic Accounting Concepts – Trial balance – reconciliation – Income and expenditure statements – Depreciation -Cash flow statement - purpose - uses - structure - format of cash flow statement - preparing cash flow statement -reporting cash flows - interpreting the cash flow statement
Module: II
Objective and users of financial statements – the reporting entity – elements of financial statements – financialanalysis – articulation of financial statements – elements from which financial statements are constructed
Module III
Standards of comparison - earnings quality -techniques of financial statement analysis - using financial ratios -corporate disclosure policy - efficient market hypothesis and financial statement analysis - earnings management interpreting financial reports - scanning the annual report
Module IV
Effect of changes in accounting principles – sustainable earnings – recurring vs nonrecurring – operating vsnon operating – continuing vs discontinued Effect of discontinuing operations – comprehensive income – revenue recognition – various forms of sales growth – internally-generated growth, growth from acquisitions. Ratio Analysis – Financial statements forecasting – accounting policies, changes in accounting estimates and errors – events afterthe balance sheet date
Standards of comparison
https://study.com/academy/lesson/standards-for-comparison-in-financial-statement-analysis.html
using financial ratios -corporate disclosure policy
Efficient market hypothesis and financial statement analysis
Efficient market hypothesis and financial statement analysis.pdf
Interpreting financial reports-scanning the annual report
Effect of changes in accounting principles
Recurring vs nonrecurring-operating vs non operating– continuing vs discontinued Effect of discontinuing operations
https://www.thebalance.com/continuing-vs-discontinued-operations-357571
https://smallbusiness.chron.com/difference-between-operating-nonoperating-expenses-39827.html
Effect of discontinuing operations,comprehensive income ,revenue recognition
https://www.slideshare.net/sanjay_jhaa/discontinuing-operations
various forms of sales growth – internally-generated growth, growth from acquisitions
https://www.slideshare.net/McK_CMSOForum/sales-growth-mc-kinsey-presentation-72312
changes in accounting estimates and errors – events after the balance sheet date
https://www.slideshare.net/rgodlonton/ias-10-events-after-the-balance-sheet-date
Ratio Analysis,Financial statements forecasting ,accounting policies
ratioanalysis-150423031609-conversion-gate01
Text Books Recommended
1.R Narayanaswamy - "Financial Accounting" - A managerial Perspective", Prentice Hall of India 2011
2.SN Maheshwari - Principles of Management Accounting, sultan chand and sons 2006
3.Gerald I White, Ashipaul C. Sondhi, Dov Fried - "The analysis and use of financial statements, wiley student edition, third edition, 2004.
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