Over the past decade, the financial community has been fickle in conveying to the FASB, SEC and others the type of financial information it would like to see in financial statements and related disclosures. Unfortunately, events such as the Enron and WorldCom frauds have resulted in the passage of the over-reaching provisions of Sarbanes-Oxley, which created a new oversight board, expansive auditing requirements, Section 404 compliance, and a host of extensive rules and regulations costing billions to implement and manage. This course examines studies and recommendations that will hopefully lead to a comprehensive business reporting model that is valuable from the investor’s perspective. Upon completion of this course, you will be able to: Identify some of the 12 recommended principles for the Comprehensive Business Reporting Model; Recall the definition of free cash flow; Recognize some of the key ratios used to analyze working capital; and Identify some of the symptoms of inefficiently managed working capital.