The module explores financial concepts used in financial statements reporting, financial analysis and investments. Topics include creating and understanding a financial statement, appreciating financial disclosure issues, developing a budget and evaluating cash-flow projections. The module provides insight into financial reports and analysis of the financial position and the operating results of business organizations, including several techniques such as common sizing, trend analysis and ratio analysis, which are useful to analyze a company. Accounting principles of GAAP and IFRS are compared and contrasted. The module also reveals financial and business concepts behind making investment decisions, financial projections and valuation of companies.
