Question Two Answer all parts Financial Reporting Standards and associated Accounting Policy Disclosures are key to an equity analyst's ability to analyse a given international peer group effectively. Briefly discuss the above statement, outlining why you agree or disagree. (10 marks) Discuss the benefits of the common-size approach as a financial analysis tool and describe how common size analysis is applied to each of the Income Statement, the Statement of Financial (15 marks) Position and the Cash Flow Statement. Total: 25 marks)