Q:1/ The objective of accounting analysis is to evaluate the degree to which a firm’s accounting

captures its underlying business reality and to ‘undo” any accounting distortions. Hence,
accounting analysis enables analyst to identify and evaluate the policies and the estimates that
firm uses to measure its critical factors and risks. In view of this, analyze and interpret
accounting policies and practices followed by your company [Hint: Do a critical analysis of 10
Accounting Red Flags in your selected company. If required, you may need to do comparative
and industry accounting analysis].
[15.00]

Q:2/ Write an overview of Pre-Paid Legal Services (PPLS) case with an abstract and focus. [5.00]