Questions

➢ What are the features of financial statement?

➢ What is the objective of financial statement?
➢ What are the limitations of financial statement?
➢ Who are the internal users of financial statement?
➢ Who are the external users of financial statement?
➢ What is income statement?
➢ What are objectives of income statement?
➢ What is operating income?
➢ What is the cash flow statement?
➢ What is usually presented first in the notes to the financial statement?
➢ What are the activities include in cashflow statement?
➢ What is a secured loan?
➢ What is share capital?
➢ Explain why do businesses prepare financial statements?
➢ How does depreciation affect income statement?
➢ Explain provisions for?
➢ What does the cash flow statement tell us?
➢ What are current assets include?
➢ What are three sources of short-term finance used by a company?
➢ Different types of EPS?
➢ What are the different types of bonds?
➢ What is deferred tax liability?
➢ What is bonus issue?