1.The financial manager need to understand 3 (three) components of a financial statement in order to execute the financial strategies. Briefly explain all the three components of the financial statement. Furnish you answer with example of each statement.

2. There are three basic decisions that a corporate manager ought to be aware and understand the relationship of each decision. These decisions are important as it dictates firm long-term profitability and survival. Therefore, it is crucial that these fundamental decision be carefully charted by the finance manager. Elaborate on these decision and give examples of each that managers took in order to implement financial strategies efficiently