GBUS 8442 - Advanced Financial Reporting and Analysis

This course is intended for students who want to extend their knowledge and comprehensive understanding at both the conceptual and practical level of our accounting and financial reporting system beyond the topics covered in the prerequisite elective course, Financial Reporting and Analysis. It will provide students with new opportunities to take an in-depth look at challenging contemporary financial accounting and reporting issues and practices pertaining to inventory valuations, sales-type and operating leases, accounting changes, corporate restructurings, financial contingencies, mergers and acquisitions, and market valuations. Other topics covered will include earnings management, earnings per share, earnings quality, and corporate governance. The course also examines the impact that the recent accounting and related business scandals have had on investor confidence and the capital markets, and it includes a number of examples of fraudulent financial reporting that has occurred. Although the primary focus of this course is on accounting and reporting practices in the United States, it also addresses the significant progress made in establishing international financial reporting standards. (Y)

Credits: 1.5