What advantage do you see in compiling financial data into standardized statements like the Income Statement, Statement of Cash Flows, and the Balance Sheet?

What additional advantage is there "What if? Analysis" and creating proforma statements that project into the future?

Why is it helpful to analyze risk in comparison to all of the other potential rewards? Why is it also helpful to analyze risk in comparison to all other possible choices including the "risk of doing nothing"?

What if anything about your thinking about financial decision making changed with this unit? How would you advise a friend to think about trying to understand their current financial situation and how to begin making sound financial decisions moving forward?