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ACCT 327 Financial Reporting

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The ACCT 327 Financial Reporting course basically explore the theoretical foundations of financial accounting concepts and principles related to financial reporting; pay particular attention to measuring income and accounting for assets.

Financial statements are financial results that an organization publishes to interested parties and the public. This type of reporting is a key function of the controller and, if the entity is public, the investor relations officer can assist the controller. Financial statements usually include the following documents and transactions:

  • Disclosure of information in footnotes, including more detailed information on specific topics within the relevant accounting system.
  • The company decides to publish any financial information about itself on its website.
  • Annual report to shareholders.
  • Any prospectus for potential investors on the issue of securities of the organization.

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