Accounting Information: Financial Statements and Accounting Tools

More specifiquely, the first part of the course will : - Develop a better understanding of the components of the main financial statements. - Gain a critical view on the measurement and reporting issues related to assets, liabilities, shareholder's equity, revenues and expenses. - Apply some analytical tools of the financial statements of publicly traded companies and draw some conclusions on their financial soundness and performance. - Develop critical perspective on financial information taking into account notion of ethic and earnings management. The second part of the course will permit students to acquire knowledge on management tools such as: - budgets - the utility and functioning of a budget control process, - the design of the budgetary control system as a function of the organizational strategy, - cost-volume-benefit analysis - the determination of cost behavior, - balanced scorecards - the development and use of financial and non financial performance measures.