The final assessment for this competency is to prepare a Financial Statement Analysis paper that demonstrates an understanding of a business's model and strategy and environment, skillful analysis of the content of the business's annual report and business operations, and application of financial analysis techniques (including vertical, horizontal, trend analysis) to evaluate business performance, including ratio analysis and industry comparisons. This Financial Statement Analysis is to be of sufficient detail to decide if one should invest a selected company (listed on the U.S. Stock Exchange).