Financial Accounting for MBAs Learning Objectives – Coverage by question True/False Multiple Choice LO1 – Explain and assess the four main business activities. LO2 – Identify and discuss the users and suppliers of financial statement information. 1- 4 1, 2 LO3 – Describe and examine the four financial statements, and define the accounting equation. 5-10 3-19 LO4 – Explain and apply the basics of profitability analysis. 11-13 20-25 LO5 – Assess business operations within the context of a competitive environment. 14 26, 27 LO6 – Access reports filed with the SEC (Appendix 1A). LO7 – Describe the accounting principles and regulations that frame fina