British Columbia Institute of Technologywww.bcit.ca/study/courses/fmgt7030

Important Notice: Natural gas heat restored on Burnaby Campus

BCIT

FMGT 7030 - Financial Statement Analysis

Financial Management Part-time Studies Course

School of Business

Course Details

This course examines the general principles of the financial reporting system, underscoring the critical role of the analysis of financial reports in investment decision making. As well, this course examines the range of information that an analyst may use in analyzing the financial performance of a company, including the principal financial statements (the income statement, balance sheet, cash flow statement, and statement of changes in owners’ equity), notes to those statements, and management discussion and analysis of results. This course also focuses on the role of financial reporting standard-setting bodies worldwide and the International Financial Reporting Standards. NOTE: The following introductory accounting courses are highly recommended for students with no prior knowledge of accounting: FMGT 1152 or FMGT 1100 and FMGT 2100.

Credits

4.0

This course isn't currently offered through BCIT Part-time Studies. Please check back next term or subscribe to receive email updates.

Learning Outcomes

At the end of this course the student will be able to:

  • Assess the objectives of financial reporting
  • Explain the application of financial reporting objectives in statement preparation under current International Financial Reporting Standards (IFRS)
  • Outline the major accounting concepts and principles
  • Assess which of the major accounting concepts and principles apply to specific accounting situations
  • Evaluate how various accounting treatments affect: (1) reported net income and earnings per share, (2) shareholders' equity and book value per share, (3) cash flow, and (4) important financial ratios
  • Justify the reasons that financial statements cannot be accepted at face value
  • Explain why financial statements must be critically evaluated in light of the accounting methods used in their preparation
  • Outline how the accounting process measures values of various items that appear on financial statements, including how these valuations relate to economic reality
  • Reformulate accounting data to make them more meaningful for the purposes of reaching valid investment conclusions
  • Evaluate supplementary data presented in the footnotes to the financial statements, or elsewhere in company reports, as well as outside data sources
  • Evaluate the information presented in financial reports (balance sheet, income statement, statement of cash flows, statement of shareholders' equity, footnotes, and supplementary disclosures)
  • Assess how financial report information can be used to obtain better insights into an enterprise's prospects and risks
  • Interpret how accounting methods vary among countries
  • Reconcile accounting methods that vary among countries to make valid financial comparisons on a global basis

Effective as of Fall 2011

Related Programs

FMGT 7030 is offered as a part of the following programs:

School of Business

  1. Financial Analyst
    Part-time   Advanced Certificate

Subscribe

Interested in being notified about future offerings of FMGT 7030 - Financial Statement Analysis? If so, fill out the information below and we'll notify you by email when courses for each new term are displayed here.

Contact Information

Suggest course days and times

If you are interested in taking this course on-campus (classroom delivery only) and would like to see it offered on specific days and/or at specific times, please indicate your preferences below. Day and time suggestions are not applicable to online courses.

The personal information on this form is collected under the authority of the College and Institute Act (RSBC 1996, Ch.52). BCIT will use this information to communicate with you regarding relevant BCIT programs, courses and services. This information is only used by authorized BCIT staff. Email communication sent to and from BCIT is routed through the United States of America. If you have any questions about BCIT's collection and use of this information, please contact BCIT’s manager of Information Access and Privacy.

Programs and courses are subject to change without notice.

Find Courses

Payment Changes At BCIT

We've changed the way we accept payments.

Find out more

Course Navigation, Related Links & Tools

Registration News

Registration is currently open for the Fall 2018 term.

The sneak preview for the Winter 2019 term starts Fri, Oct 19 at 8:30 am (PDT).

Students may register for Winter 2019 term courses online, by phone, mail or in-person starting Wed, Oct 24 at 9:00 am (PDT).

Classroom Locations

Classroom locations are subject to last minute changes. Please check the Part-time Studies Classroom Locations listing at www.bcit.ca/rooms on the first day of any course you are registered for.

Part-time Studies Financial Aid

Will you be studying at BCIT part-time? Do you need assistance funding your studies? Find out if you qualify for Part-time Studies financial aid ›

© BCIT