effective analysis of a set of financial statements requires an understanding of

the economic characteristics and current conditions of a firm’s business,

the particular strategies the firm selects to compete in each of these businesses and the principles and procedures underlying the firm’s financial statements.”
[Strickley C, 1996,
Financial Reporting and Statement Analysis: A Strategic Perspective, pvii].
Required:
Discuss, with relevant examples, to what extent you agree with Strickley’s comments.
[In your answer you may wish to highlight why analysts should consider both the general and specific business contexts in which they are conducting their analysis of an organisation.]

个人理解：
财务报表分析在宏观和微观中的重要性
在同行业竞争中,公司可以遵守一些财务报表上的原则，或者可以使用一些特殊的战略。


感觉理解的一头雾水。。请求各位人才 帮我理清下思路~~~~


叩谢！