This course provides an overview of the financial statements included in SECForm 10-K, focusing on their structure and significance in assessing a company's financial health. We will break down each primary statement, highlighting key components, classifications, and their relevance for analysis. The course also examines the role of accounting policies and estimates in shaping financial results as well as the importance of footnote disclosures. Finally, we'll identify common pitfalls in financial reporting and outline best practices for ensuring accuracy and clarity, emphasizing the role of internal review processes in maintaining high-quality disclosures.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Identify the key components and classifications of financial statements included in SEC Form 10-K
Recognize the significance of each financial statement in assessing a company's financial health
Distinguish between critical accounting policies and estimates that impact financial reporting
Determine the role of footnote disclosures in providing additional context to financial statements
Recognize common pitfalls in financial statement disclosures from effective disclosure practices
Major Topics
Breakdown of Financial Statements
Balance Sheet
Key Accounting Policies and Estimates
Understanding Footnote Disclosures
