QuestionACC670 Advanced Financial Statement Analysi

ACC670 Advanced Financial Statement Analysis

Week 1 Discussion

DQ1 Accounting standards are very complex and require expertise in their interpretation and application. Smaller companies often do not have the resources available to obtain this expertise, leading to the concept of “big GAAP” and “little GAAP,” whereby there would be two sets of standards: one for large, publicly traded companies and another for smaller companies. Should there be two sets of accounting standards? Why or why not?

DQ2 Should international accounting standards be required, encouraged, or ignored? If required or encouraged, should all companies have to abide by international accounting standards when compiling their financial statements? Why?

ACC670 Advanced Financial Statement Analysis

Week 2 Discussion

DQ1 Refer to Problem 3-5, located at the end of Chapter 3 of the text. Imagine you are at a job interview at Rubber Industries headquarters for a financial analyst position. During the interview, you are provided the balance sheet found in Problem 3-5. The interviewer asks you to explain how you would use the balance sheet to help move your company forward.

DQ2 One criticism of the balance sheet is that assets are recorded at cost rather than at their current market value. What are some other problems with using the balance sheet to analyze a company’s financial position given that the numbers are not listing their current market value? How would you overcome these problems?

ACC670 Advanced Financial Statement Analysis

Week 3 Discussion

DQ1 How do managers and creditors use financial reports? Which ratios would each group rely on more and provide relevant information.

DQ2 A company changes its inventory method from FIFO to LIFO during a time of rising prices. Discuss the effect of this change on the next period. In what situation would management benefit from going from FIFO to LIFO? Discuss some of the pros and cons of changing inventory valuation methods? Support your answer with examples.

ACC670 Advanced Financial Statement Analysis

Week 4 Discussion

DQ1 Discuss the impact of deferred taxes, pensions, leases, and commitments or contingencies on analyzing a firm’s long-term debt paying ability. Provide at least two relevant examples in your discussion.

DQ2 What stakeholders would be interested in a company’s long-term debt paying ratios? How would a stakeholder decide whether or not to extend credit to a company?

ACC670 Advanced Financial Statement Analysis

Week 5 Discussion

DQ1 What are some factors that inform business decisions? Explain the role segment reports play in the decision-making process.

DQ2 What stakeholders benefit from reviewing profitability ratios for a company? Identify at least three stakeholder groups, and give an example of how each might use profitability ratios.

ACC670 Advanced Financial Statement Analysis

Week 6 Discussion

DQ1 Consider that you want to invest $10,000 in a publicly traded company. How would you approach this decision, and what ratios or analysis tools would impact your choice?

DQ2 Find a current article about investor ratios in your field or another field of choice. How does the article help you understand investor ratios? Be sure to include your source.

ACC670 Advanced Financial Statement Analysis

Week 7 Discussion

DQ1 How do financial analysts use cash flow ratios? Provide an example.

DQ2 Cash is critical for a business to remain in operations. Do you agree with this statement? Why or why not?

ACC670 Advanced Financial Statement Analysis

Week 8 Discussion

DQ1 What factors should be considerations for banks, nonprofit companies, and government sectors when analyzing financial statements?

DQ2 Business and financial analysts often provide trends for their industry. Find a trend (doubt, prediction, warning) in your field of interest. Speculate how the analyst derived the trend?

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