1. Besides crunching numbers, what do we need to understand in order to perform effective FSA? 2. Explain how do you perform the comparative analysis and trend analysis in the analysis of financial statements? 3. Discuss the limitation of FSA, demonstrate one of the limitation with your own experience in the company analysis. 4. Explain the various cash flow needs in different stages of product/industry life cycle. 5. What are the important disclosures in annual reports that could help in the analysis of financial statements? 6.Describe three important points of Notes to Financial Statements and provide 2 examples of items in Notes to Financial Statements