Describe the various methods used for the analysis and interpretation of the financial statements.
What do you mean by comparative statements? What is their utility?
What do you mean by the term common-size statements? Illustrate the purpose do they serve?
How common-size statements are distinct from comparative statements?
Differentiate between fund flow and cash flow statements. What are the benefits of making cash flow statements?
Describe the various formats for making a cash flow statement. How this statement can be employed as a tool for the planning and control?