FIN621 Handouts pdf download | Financial Statement Analysis Notes (pdf)

FIN621: Financial Statement Analysis

Accounting provides decision-makers with sufficient, appropriate information to make wise and prudent business decisions. This information is provided in the statement of financial performance. FIN621 Handouts pdf

FIN621 Handouts pdf

Course Category: Accounting, Banking & Finance FIN621 Handouts

Course Outline

Introduction To Accounting & Accounting Principles, Generally Accepted Accounting Principles (GAAP), Accounting Cycle/Process, Rules Of Debit And Credit, Steps In Accounting Cycle, Limitations Of Trial Balance, Preparing Financial Statements, Balance Sheet, Income Statement, Expenditures v/s Expenses, Adjusting Entries And Their Types, Statement Of Owner’s Equity, Closing Entries, Statement Of Cash Flows, Parts Of Cash Flow Statement, Notes To Financial Statements, Accounting Policies,

Inventory Accounting Policies, Depreciation Accounting Policies, Methods Of Computing Depreciation, Annual Report Generated By Business, Audit’s Report, Types Of Business, Using Financial Statements Information, Financial Statement Analysis, Ratio Analysis, Vertical & Horizontal Analysis, Different Types Of Ratios, Liquidity, Leverage, Coverage, Activity, And Profitability Ratios.

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FIN621: Financial Statement Analysis


Almost every organization and individual manages accounts and deals with accounting. In simple terms, it can be defined as a record of the income and expenses of a business entity, or budget compared to expenditure, in the case of a non-commercial government entity. In the case of a business venture, the accounting will be responsible for measuring, recording, and communicating the results of business transactions. That is why; Accounting is often referred to as “Business Language”.

Different Types of Business Organizations

Sole Proprietorship

According to D.W.T. Stafford, “It is a simple form of business organization, owned and controlled by one person.” A sole proprietorship is the oldest form of business organization owned and operated by a single person. In this business, one man invests his own money. He is everything in doing his business. He enjoys all the benefits.


In accordance with the Partnership Act, 1932, “Partnership is a relationship between persons who agree to share the profits of a business for all of them and any of them working for all.” Collaboration means a legal business owned by two or more people. Business profits are shared by partners at the agreed rate. The debt of each partner is unlimited. The activities of small and medium enterprises are carried out under this organization.

Joint Stock Company

According to S. E. Thomas, “A company is a corporation of individuals formed for the purpose of commercial purposes.” A joint venture company is a voluntary association of persons created by law. It has a separate legal entity apart from its members. It can sue and be sued on its behalf. In a shared stock company, the organization’s work begins before its introduction by developers and continues after installation.

Accounting Equation


The Balance Sheet is based on the Accounting Equation. In fact, a detailed statement of Equation. The equation in a transparent manner, Expenditure, and Financial Resources. In other words, it shows what a business has and what it DOES. Alternatively, an Accounting Equation or Balance Sheet is a description of the Total Assets of the Business against the claimants of these Assets. Therefore, this Equation reflects the financial position on a particular day. Three Articles in Equation a re Elements of Balance Sheet. Similarly, the components of the Income Statement will be Revenue and Expenses and their amount affects the Equity of the Owner.


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FIN621: Financial Statement Analysis Notes (pdf)