Accounting for International and Public

The purpose of this course is to enable you to become an informed user of financial information. To be properly informed you need to understand financial statements, the note disclosures and the language of accounting and financial reporting. We will focus on the three major financial statements – the balance sheet, the income statement and the statement of cash flows - that companies prepare for use by management and external parties. We will examine the underlying concepts that go into the preparation of these financial statements as well as specific accounting rules that apply when preparing financial statements. As we gain an understanding of the financial information, we will look at approaches to analyze the financial strength and operations of an entity. We will use actual financial statements to understand how financial information is presented.