Conceptual objectives:

1. Explain the purpose and identify the building blocks of analysis.
2. Describe standards for comparisons in analysis.

Analytical objectives:

1. Summarize and report results of analysis.
2. Appendix 13A—Explain the form and assess the content of a complete income statement.

Procedural objectives:

1. Explain and apply methods of horizontal analysis.
2. Describe and apply methods of vertical analysis.
3. Define and apply ratio analysis.