Learning Outcome Statements
| 1. Quality of Financial Reports a. demonstrate the use of a conceptual framework for assessing the quality of a company's financial reports; b. explain potential problems that affect the quality of financial reports; | |
| 2. Evaluating the Quality of Financial Reports c. describe how to evaluate the quality of a company's financial reports; d. evaluate the quality of a company's financial reports; | |
| 3. Indicators of Earnings Quality e. describe the concept of sustainable (persistent) earnings; f. describe indicators of earnings quality; g. explain mean reversion in earnings and how the accruals component of earnings affects the speed of mean reversion; | |
| 4. Evaluate the Earnings Quality of a Company h. evaluate the earnings quality of a company; | |
| 5. Cash Flow Quality i. describe indicators of cash flow quality; j. evaluate the cash flow quality of a company; | |
| 6. Balance Sheet Quality k. describe indicators of balance sheet quality; l. evaluate the balance sheet quality of a company; | |
| 7. Sources of Information about Risk m. describe sources of information about risk. |