a. describe the elements of the balance sheet: assets, liabilities, and equity;

b. describe uses and limitations of the balance sheet in financial analysis;

c. describe alternative formats of balance sheet presentation;

d. distinguish between current and non-current assets, and current and non-current liabilities;

e. describe different types of assets and liabilities and the measurement bases of each;

e. describe different types of assets and liabilities and the measurement bases of each;

f. describe the components of shareholders' equity;

g. convert balance sheets to common-size balance sheets and interpret common-size balance sheets;

h. calculate and interpret liquidity and solvency ratios.