1. Accounting Information and Financial Analysis: the objective here is to analyze financial statements and get a sense of how much a firm's assets are worth, how they are financed, and how profitable they are. Key questions: What are the assets-in-place at the firm worth now? What is the composition of these assets; how are these assets financed? In particular, how much of the financing comes from equity and how much from debt; How profitable are the current investments of the firm; How much risk is there in these assets; How the company is doing their debtors screening and debtors management