Quality in Financial Statements- Discussion Topic

1. Explain how you would go about evaluating the overall performance of a firm.
2. Discuss the importance of quality in a firm's financial statements, and how you would go about evaluating them.
3. State your reasons why working capital management is important to financial managers.
4. You are entrusted with the responsibility of setting the credit policy of a firm. How would you go about it?
5. A firm cannot be healthy if it does not establish a good relationship with banks. Debate.