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For Kathmandu (KMD): 1. Identify the key accounting policies for Kathmandu. 2. What flexibility doesKathmandu have in their accounting. 3. To what extent does the

For Kathmandu (KMD):

1. Identify the key accounting policies for Kathmandu.

2. What flexibility doesKathmandu have in their accounting.

3. To what extent does the financial reports ofKathmandu reflect their strategy?

4. What incentives are there forKathmandu to potentially manipulate their earnings?

5. Identify potential 'red flags' for Kathmandu.

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