1. Explain the difference between shares authorized, shares issued, shares outstanding and treasury shares.

2. What is the difference between the cash and accrual accounting basis and which one do you think is more accurate to calculate cash flows?

3. What extra information does a 10K provide compare to an annual report?

4. How would you proceed to check the earning quality of a company?

5.Explain Which presentation is most widely used for the cash flow statement; direct or indirect ? Explain the difference