Problem 1: Explain the three steps in financial analysis at the organizational level.
Problem 2: What is the purpose of creating a balance sheet? List the three general classifications of the balance sheet and possible categories under these classifications.
Problem 3: For the statement of operations, list the main classifications and the possible categories under these classifications.
Problem 4: What type of organizations use the statement of changes in net assets and why?
Problem 5: What is the statement of cash flows? The statement is divided into three segments; list each category.
Problem 6: List the four classifications of ratios that the financial statement analysis focuses on.
Problem 7: Describe the operating indicators used to analyze the financial performance of an organization.
Problem 8: What must an annual report include to be considered a good report?