Basic Accounting questions to answer (in depth)

Please answers those questions IN DEPTH

1. What is the value of performing ‘analytical reviews‘ on financial statements?

1. Explain which accounts and which financial statements you would use to perform analytical reviews?

1. Of the above, which do you believe are your KEY ratios (most important)?

1. We discussed a company that ‘failed to meet market expectations’, how should companies avoid falling into that trap? What can companies do, if anything?

1. Explain what specific areas of accounting you, as a non-accountant, should be knowledgeable in in order to properly function as a senior manager AND why?
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1. Pick a public company, any ‘domestic’ company you like, take a look at the comparative balance sheets and income statements for the two most current years and identify which accounts give you the most concern OR make you feel the most comfortable AND why? List the accounts in your response.

1. As a senior manager, what is the value of your understanding and being able to ask questions regarding managerial accounting aspects? Why is that important?

1. Which of the following two do you feel is more important AND why? EPS or dividends paid? Be explicit in your response.