This course focuses on the process by which firms report economic information to users outside the firm (e.g. stockholders, potential investors, creditors, regulatory agencies, etc.). The format of this course will be quite similar to the previous coverage. We will concentrate more on general concepts with a significant emphasis on applications and analysis; however, to be able to analyze financial statement information, you also need some coverage of the more detailed "accounting rules." With the knowledge gained in this course, you should be better able to read, interpret and analyze financial statements.