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.
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:
- Locate financial information to analyse companies
- Classify accounts in the income statement, balance sheet and cash flow.
- Calculate account balances.
- Determine profitability.
- Understand how managers’ decisions affect the financial statements
- Identify ways the managers can manipulate financial statements.
- Analyze a company’s financial health using ratio analysis.