Question 1
Business Analysis involves analysing a firm’s industry and its strategy to create a
sustainable competitive advantage. For instance, identifying the key success
factors and business risks makes it easier for key accounting policies to be
identified from the accounting information.
Accounting Analysis is performed to determine the degree to which a
company’s accounting information system captures the business reality of the
company that we are analysing
Question 2
Corporate setup should decide on following factors to choose on setting up of
business:
• Choice of Industry
Assessment of industry and factor that may affect performance and SWOT
