L1 22 Financial Statement Analysis: An Introduction
By: Steven Popovic
A describe the roles of financial reporting and financial statement analysis;, B describe the roles of the key financial statements (statement of financial position, statement of comprehensive income, statement of changes in equity, and statement of cash flows) in evaluating a company’s performance and financial position;, C describe the importance of financial statement notes and supplementary information —including disclosures of accounting policies, methods, and estimates— and management’s commentary;...
A evaluate a company’s past financial performance and explain how a company’s strategy is reflected in past financial performance;, B forecast a company’s future net income and cash flow;, C describe the role of financial statement analysis in assessing the credit quality of a potential debt investment;...