5 short answers

At least 90 words on your own no plagiarism

1. What is a ratio in terms of financial information and analysis? How are they helpful? Give examples

2. What are the major limitations of the balance sheet? Give examples.

3. How does information on the balance sheet help users of financial information? Give examples.

4.Prepare a basic statement of cash flows.

5. Identify the major disclosures in the auditor’s report and understand management’s responsibilities for the financial statements.

6. Identify reporting issues related to financial forecasts and fraudulent financial reporting.

7. Identify the major classifications of the balance sheet.

8. Identify the purpose and content of the statement of cash flows.

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