1. Financial Statements Overview: a. What are financial statements in accounting, and why are they essential for businesses? b. Explain the primary types of financial statements commonly prepared by businesses.

2. Balance Sheet: a. Describe the balance sheet and its purpose in financial reporting. b. What are the main components of a balance sheet, and how are they categorized? c. How does the balance sheet provide insight into a company's financial position?

3. Income Statement: a. Define the income statement and its role in financial reporting. b. Identify key elements found on an income statement, such as revenue, expenses, and net income. c. How does the income statement reflect a company's profitability over a specific period?

4. Statement of Cash Flows: a. Explain the statement of cash flows and its significance in financial reporting. b. Outline the three main categories of cash flows presented on this statement. c. How does the statement of cash flows help assess a company's liquidity and cash management?