What is the difference between book value and market value? Which should we use for decision-making purposes?

What is the difference between accounting income and cash flow? Which do we need to use when making decisions?

What is the difference between average and marginal tax rates? Which should we use when making financial decisions?

How do we determine a firm's cash flows? What are the equations, and where do we find the information?

Why is manipulation of financial statements not only unethical and illegal, but also bad for stockholders?

What is the Statement of Cash Flows, and how

do you determine sources and uses of cash?

How do you standardize balance sheets and income statements and why is standardization useful?

What are the major categories of ratios and how do you compute specific ratios within each category?

What are some of the problems associated

with financial statement analysis?

Should financial analysts be held liable for their opinions regarding the financial health of firms?

How closely should ratings agencies work with the firms they are reviewing? for example: what level of independence is appropriate?