1. Reflect on the College of Business and Accountancy philosophies and the BSA program educational objectives. Then state in your own statement of purpose/commitment. As an accountancy student, what is your commitment or purpose?
2. What are the advantages of using graphs, charts and figures in presenting changes or trends in some accounts in the financial statements?
3. Various parties interested in the affairs of a business firm want to get some information when they read the firm's financial statements. What are some of these information?
4. What are the advantages of presenting comparative financial statements?
5. What are the advantages of expressing accounts to a common base?