I. Evaluate the companys current performance based on the outcomes of relevant ratio analysis.

J. Discuss types of accounting changes encountered and when retrospective and prospective approaches should be used.

K. Predict the impact of new credit policies or a change in product or markets based on relevant ratio analysis.

L. Discuss relevant accounting standards for informing the companys financial reporting strategies.

M. Explain how the four-step process was used for effectively correcting and reporting errors in the revision process.