This course presents a general framework for addressing financial statement analysis tasks. Students will also study financial analysis techniques, financial statement analysis applications, and the international convergence of accounting standards.
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At the end of this course the student will be able to:
Outline the reporting under IFRS of the four categories of intercorporate investments including the use of different accounting methods: equity, proportionate consolidation and consolidation; and including the treatment of goodwill
Contrast the purchase method, the pooling of interest method, and the acquisition method used in business combinations
Evaluate the impact of each purchase method on reported financial results
Interpret the implications on performance ratios of the different accounting methods used for intercorporate investments
Evaluate the types of post-retirement benefit plans and their implications for financial reports
Evaluate the measures of a defined-benefit pension plan’s liabilities, including the projected benefit obligation, accumulated benefit obligation, and vested benefit obligation
Assess the impact on financial statements of international financial reporting standards (IFRS) for pension and other post-retirement benefits that permit some items to be reported in the footnotes rather than being reflected in the financial statements themselves, and pension plan footnote disclosures including cash flow related information
Evaluate the underlying economic liability (or asset) of a company based upon pension and other post-retirement benefit disclosures
Assess the main issues involved in accounting for share-based compensation
Assess the impact on financial statements of accounting for stock grants and stock options, while considering the importance of companies’ assumptions in valuing stock grants and stock options
Assess the impact of changes in exchange rates on the translated sales of the subsidiary and parent company
Describe the effects of the current rate method and the temporal method on the parent company’s balance sheet and income statement and other scenarios
Assess the translation effects of a subsidiary’s balance sheet and income statement on the parent company’s currency
Analyze how the translation of a subsidiary’s financial statements will affect the subsidiary’s financial ratios using the current and temporal methods
Analyze alternative accounting methods for subsidiaries operating in hyperinflationary economies
Effective as of Fall 2011
FMGT 8030 is offered as a part of the following programs:
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