1. What is the difference between financial reporting and financial statement

analysis?

2. What is the role of financial statement analysis?

3. Whats the best financial statement to determine a companys financial

position?

4. Whats the best financial statement to determine a companys profitability

for a period?

5. The financial statement that presents a shareholders residual claim on

the assets?

6. What part of reports are accounting policies, methods, and estimates used

in preparing financial statement most likely to be found?