Assignment - Please answer these essay questions.
1. Explain the purpose and format of the statement of cash flows. Also, describe its use to decision makers.
2. Define and discuss the differences between operating, investing and financing activities.
3. Define and explain significant noncash investing and financing activities and the method of reporting them on the statement of cash flows.
4. Describe the format of the statement of cash flows, including the reporting of significant noncash investing and financing activities.
5. Explain the purpose of financial statement analysis for both external and internal users.
6. Identify and explain the four building blocks of financial statement analysis.
7. What are the standards for financial analysis comparison? Give examples of each.
8. Identify and describe three common tools of financial statement analysis.
9. What is the purpose of a good financial statement analysis report? What are the key components?