1.Identify and explain the assumptions on which cost - volume - profit analysis is based

2.What are the advantages to a company producing a statement of cash flows in accordance IAS 7

3.What is the difference in accounting treatment between the income statement and the cash flow statement with respect to the purchase of the fixed assets?

4.Explain what you mean by depreciation and why it is important. that cause depreciation.

5.Explain briefly what you understand by the term "money measurement concept" in accounting.

6.Discuss the limitations of using ratios as the sole method of analysing an organisations performance

7.Explain why the two projects have the same cashflow but different NPV and different IRR

8.Discuss the potential reasons why the conflict between the NPV and IRR may have arisen for the two projects

9.'Variance analysis simply shows where the budget went wrong. It has no value in controlling cost.' Discuss this statement

10.Briefly discuss the assumptions that are made in a typical break-even analysis and assess whether they limit its usefulness.