What are the pro forma financial statements?

Q: How is a financial statement under IFRS different from

A: Solution- In IFRS you need to provide Other Comprehensive Income Statement also in addition to…

Q: What is the purpose of financial statement analysis?

A: Financial statements are written records that convey the information on the financial performance,…

Q: What is analysis of financial statements?

A: Explain the  meaning of financial statement analysis:Financial statements: Financial statements are…

Q: Who are some of the basic users of financial statements, and how do they use them?

A: There are many users of the financial statements produced by an organization. The following are the…

Q: What is the purpose of pro forma financial statements

A: Pro forma financial statements are financial reports issued by an entity, using assumptions or…

Q: hy is it important to understand financial statem

A: Financial statement are representation of the performance of company and are show how is company…

Q: What is a personal statement of financial position?

A: Answer: A personal statement of financial position is nothing but a document that entails the…

Q: mptions that need to be considered while preparing  a financial statement.

A: Financial statements are formal records of a company's, individual's, or other entity's financial…

Q: Why is the statement of financial position, or balance sheet,a logical place to begin a discussion…

A: Statement of financial position or balance sheet shows the amount of assets or liabilities of the…

Q: what are The elements of financial statements

A: The company's aim will be increase the profits of the company. The income statement of the company…

Q: What is the general purpose of financial disclosures of financial statements?

A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…

Q: What is meant by the statement that the financial statementsarticulate ?

A: The statement “financial statements are articulated" means that measurements in the balance sheet…

Q: Explain the other statements that the financial statement is comprised of.

A: Financial statements are the reports that are prepared at the end of the period. These are prepared…

Q: What exactly is intended by the statement that the financial statements make in their presentation?

A: Introduction: Financial statements are articulated because measures in the balance sheet are…

Q: What are the benefits of financial reporting?

A: Financial reporting is a detailed record of all corporate activities, including costs and profits,…

Q: When are financial statements considered authorized for issue?

A: The monetary record date is the urgent date at which the monetary situation of a substance is…

Q: What is the difference between financial statements and financial reporting?

A: Financial statements and financial reporting are both belongs to the financial accounting but…

Q: What is financial accounting's principal purpose?

A: The financial accounting main and principal purpose is to allow the third parties to assess the…

Q: What assumption is made regarding the external users of financial statements?

A: Financial Statements: The organization records the financial information related to transactions.…

Q: What does the Relevance in the context of financial reporting means?

A: Introduction Financial Reporting is communicating accurate information along with the financial…

Q: What document are financial statements prepared from?

A: Financial statements are prepared from the records of accounting equation, Journal entries, general…

Q: How do you do a financial Statement?

A: Financial statements are statements that are prepared at the end of the period in order to analyse…

Q: How does the financial statements are the primary means of communicating financial information to…

A: Financial Statement:   It refers to the end reports of an organization prepared to report the…

Q: What does the balance sheet report?

A: A balance sheet is a financial statements which reports Assets, Liabilities and shareholders equity…

Q: What is the relationship among the financial statements?

A: Financial Statements: These are records of the activities relating to finance and business. The…

Q: What is the relationship between the accountingequation and the balance sheet?

A: Accounting is the detailed process of maintaining books of accounts. It includes several steps like…

Q: Why are disclosures important in financial statement and what are its benefits?

A:

Q: What is articulation of the financial statement means? Elaborate.

A: Financial statements are the statements which plays an important role for an effective investment…

Q: What’s financial instrument

A: Financial instruments can be broadly divided into: a. cash instruments b. derivatives instruments

Q: Briefly explain the "accrual basis assumption" and why financial statements are prepared under this…

A: As per our protocol we provide solution to the one question only but as you have asked multiple…

Q: What are the most commonly used techniques in the analysis and interpretation of financial…

A: The term financial statements represent financial reports prepared by companies in order to convey…

Q: Who are the various users of Financial Statements?

A: Financial statements are the records or documents in which the overall picture of the business is…

Q: WHAT ARE THE TYPES OF FINANCIAL STATEMENTS?

A: Financial statements Financial statements are referred to as written records that are used in…

Q: What are common-size financial statements?

A: Financial statements: Financial statements are condensed summary of transactions communicated in the…

Q: what is financial statement? and other financial?

A: Financial statements apply to those statements which at the end of accounting period reflect on the…

Q: What Are Financial Statements? Name The Major Financial Statements?

A: Financial Statements are very important documentation of an organisation's financial matters and…

Q: What is the most important financial statement?

A: Financial statements: These refer to the formal or official records of the activities of the…

Q: Explain, using practical example the effect of accruals figures on the preparation of a financial…

A: Accrual System of Accounting is a system where expenses and revenues are recorded as and when they…

Q: Explain pro forma financial statement

A: Financial Statements provide details about financial position & performance of an organisation.…

Q: What is the Financial Statement Analysis?

A: solution concept The given are the indicators of the liquidity ratio These ratio explains how liquid…

Q: What are the limitations of the financial statements?

A: Definition:   Financial statements: Financial statements refer to those statements, which are…

Q: What are the usefulness of financial statements

A: >Financial statements are the public documents, and are prepared at the end of period as part of…

Q: What are the conceptual issues related to financial reporting and financial disclosures?

A: Introduction: Financial reporting is a common accounting technique in which financial statements…

Q: are the main decisions of the financial management? Expla

A: There are basically four types of decisions to be made as part of financial management.

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.