Preparation should include describing

• efficiency
• profitability
• net worth
• financial ratios
• working-capital ratio
• leverage

and presenting information clearly for stakeholders or lenders.

Process/Skill Questions:

• When should a checking account be balanced?
• When should withdrawals from an ATM be recorded?
• What are consequences of failure to balance a checking account?
• What should one do if their balance and the bank’s balance do not match?
• What happens if an account becomes overdrawn?
• When should interest be recorded?
• What are the benefits of using an interest-building account? What are the risks?