Importance of accounting analysis for financial analysis

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1. Describe the importance of accounting analysis for financial analysis.

2. Describe financial statement analysis and identify its objectives.

3. Identify at least five different internal and external users of financial statements.

4. Identify and discuss the four major activities of a business enterprise.

5. Explain how financial statements reflect the business activities of a company.

6. Identify and discuss the four primary financial statements of a business.

7. Explain why financial statements are important to the decision-making process in financial analysis. Also, identify and discuss some of their limitations for analysis purposes.

8. Identify at least seven additional sources of financial reporting information (beyond financial statements) that are useful for analysis.

Reference no: EM132828209

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