I have done the literature review and methodology chapter and i have provided 2 used articles and data collected so far with a sample layout. It is far from perfect so i want you to revise the same to a desirable standard and let me get it approved . The data is collected using WRDS and is collected over the time period 2004 -2014 on ALL usa PUBLIC FIRMS. Comments from the educational institution: The main objective of this paper is to analyze the impact of the research and development function on the overall profitability of the organization. maybe I have pointed this out to you before. This involves only profitability but no forecasting. ->> Main Research Question: How do firm characteristics and profitability forecasting is related to predicting firm’s Profitability? I am confused. What exactly is the focus of you paper? By profitability forecasting, you mean simply profitability forecasts, don’t you? forecasting is the act or process; the forecasts obtained are the output / product / outcome of that process. – I am not sure I follow your literature review well (does not seem to have a very clear logical flow and lack a sharp focus). – I continue to worry a lot about your progress. I think I should have advised you to continue your FYP by picking a research paper you like and feel capable of replicating it and then go to do so with more recent data. However, from your reference list, I do not see any accounting or finance paper that you can replicate. Many of them are not accounting research in nature. Perhaps the closest one is Huasheng Gao, Jarrad Harford , Kai Li. (2013). Determinants of corporate cash policy: Insights from private firms. Journal of Financial Economics (elsevier). But this is about private firms that you cannot easily get data. ->> In order to derive the expenses on research and developments the financial data from the annual statements of the respective organizations would be extrapolated. I have no idea what this mean. R&D expenses are available on financial statements. Why is it necessary to involve extrapolation? ->> For the purpose of analyzing the profitability of the organizations the return as against the respective stock prices would be considered. The motive behind using the firm’s stock price is that the same is a representative of the firm’s present value of the future net earnings. I cannot understand why this is justified. From the regression equation: Equation for Analysis: Rate of Return= β1 + β2 (Growth)+ β3 (Expenses on research and development) + β4 (Market share of the organization) + β5 (Free cash flow of the organization) + β6 (External financial dependence) + β7 (Size of the firm) +e you seem to be using stock return ( Rate of Return) to represent firm profitability, which however is often measured by ROE, ROA, etc. Besides future net earnings, many factors are affecting stock price and stock return such that it is not a measure of firm profitability used by many prior studies of this literature. – if you really want to look at the relationship between stock return and R&D, I suggest you simply go replicating the attached paper: Chan+Lakonishok+Sougiannis-Stock Market Valuation of Research and Development Expenditures_01JF2 If you could go as far as replicating up to Table II on p. 2438, it would be nice. The rest of the paper is about the relationship between stock return and R&D, which involves the use of the database CRSP. It is not easy to use. Better reserve enough time as soon as possible to see whether you can manage to find stock prices and stock return data there. – if you want to do the above with only 50 companies, I’ll let you do so but you need to have a similar structure (like the attached paper) to guide yourself through in a disciplined manner. Otherwise, there is a high chance that you would make many mistakes without being aware of them. In the end, there would be many reasons to deduct marks. – I just hope that the advice above could help you to minimize mistakes that would be made and thereby increase as much as possible your FYP mark. these comments should be focussed upon while revising me work up to the mark.