The document discusses preparing for financial due diligence when acquiring a company. It notes that due diligence is still important despite some claims that it is no longer necessary. Typical due diligence involves reviewing agreements, disclosure statements, financial statements, contracts and more. Deeper levels of due diligence are conducted for larger deals and include interviews and more in-depth documentation reviews. Due diligence can uncover issues like incomplete records, undisclosed liabilities, obsolete assets, and improper revenue recognition. The document emphasizes the importance of conducting thorough financial due diligence when acquiring a company.