Learning Outcome Statements

1. Evaluating Past Financial Performance

a. evaluate a company's past financial performance and explain how a company's strategy is reflected in past financial performance;

2. Projecting Future Financial Performance

b. forecast a company's future net income and cash flow;

3. Assessing Credit Risk

c. describe the role of financial statement analysis in assessing the credit quality of a potential debt investment;

4. Screening for Potential Equity Investments

d. describe the use of financial statement analysis in screening for potential equity investments;

5. Analyst Adjustments to Reported Financials

e. explain appropriate analyst adjustments to a company's financial statements to facilitate comparison with another company.