This course introduces students to methods of utilizing external financial statements for investment and other business decisions. It explores financial accounting topics from the standpoint of a financial statement user and enables students to interpret various financial statement disclosures in an informed manner. Financial reporting issues are discussed in terms of its effect on assessments of a firm’s profitability and risk. Topics will include analytical tools and concepts in competitor analysis, credit decisions, bankruptcy prediction, and valuation. This course is designed for both MBA and MS students who expect to use financial statements as part of their professional responsibilities.