1.0  Identify the users of financial statement

2.0  Indicate the purpose of financial statement analysis

3.0  Identify the types of financial statement analysis procedures

4.0  Assess the liquidity, profitability, efficiency and solvency of a business by applying the financial statement analysis

5.0  Explain the limitation and constraints of ratio analysis.

6.0  Define “profit margin” and “asset turnover”

7.0  What is the relationship which links ROCE, profit margin and asset turnover?

8.0  How is the ratio “ return on total long-term capital” calculated

9.0  Describe two methods of calculating a gearing ratio

10.0  List three advantages of debt capital over equity capital

11.0  Define “interest cover”

12.0  Define “ price earning ratio”

1.0  Distinguish the activities of a service business from a merchandizing business 

2.0  Describe the accounting cycle for a merchandizing business

3.0  Explain how to journalize the entries for merchandize transaction using the perpetua inventory system and the periodic inventory system including purchases, sales, discount, returns, transportation costs and transaction for both buyer and the seller

4.0   Explain how to calculate the cost of goods sold using the perpetual inventory system and the periodic inventory system

5.0  Distinguish between the multiple step income statement and the single step income statement

6.0  Explain the component of Financial Statements of merchandizing bsiness

7.0  Explain how to prepare the closing entries.