As you begin to assess the financial statements of a corporation, you would use many different tools. Please discuss the purpose of each tool/process below along with the insight that you would expect to attain from each:

Vertical and horizontal analysis of the income statement and balance sheet

Cash flow analysis

Deep-dive review of account balances

Ratio analysis

You should also apply additional technical tools including:

Structured Query Language (SQL)

Open Database Connectivity (ODBC)

Digital Analysis

Outlier Investigation

Stratification

Summarization

You should consider how each of these financial tools can provide insight into the company and help to develop a list of red flags.