6 3. Accounting Analysis (a) Please identify and briefly explain the EACH of the SIX steps an analyst will ta undertaking the accounting analysis of a company. (b ) Please choose TWO changes of accounting policy that are considered to be a red f define each and explain why it should put a financial analyst on his or her guard (c) Please explain the terms "accrual accounting" and "cash accounting", and with an relating to the treatment of credit SALES, clearly show how the two forms of ad operate. TOTAL: 20