Course Description

This course analyzes financial statements for investment and credit decisions using profitability and risk measures. Students learn to integrate economics, business strategy, accounting, and other business disciplines and to focus on the application of important concepts and analytical tools.

Learner Outcomes

Upon successful completion of this course, students will be able to:

  • Explain the objectives and functions of financial statement analysis
  • Apply concepts and methodologies of financial statement analysis and their application in business decision making and future performance
  • Work with profitability and risk analysis concepts
  • Exercise analytical skills and judgment in group exercises
  • Perform effective managerial skills


Principles of Financial Accounting or consent of instructor


Completion of the UCSB PaCE Professional Accounting Certification Program does not result in CPA licensure.  While courses in this program may count toward the educational requirements for individual states' boards of accountancy, completion of this program will not, in itself, fulfill the education, professional experience or examination requirements to qualify for CPA licensure. For more information about the requirements for the CPA Licensure, students should consult the State Board of Accountancy for the State or Jurisdiction in which they are interested in practicing. 

Applies Towards the Following Certificates

Not offered this quarter. Classes are offered according to the schedule on the respective Certificate or Program Page. Please click on the Request Information below to be promptly notified when enrollment opens.