What is meant by comparative financial statements?

Q: What is benchmarking, and what are the two main types of benchmarks in financial statement analysis?

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Q: How is the the financial ratio analyses very useful?

A: Ratio analysis is a method of relative measure between two numericals for gaining knowledge about a…

Q: What is the difference between comparative financial statements and common-size comparative…

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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 the contrast the basic financial statements

A: Financial statements are written records that convey the business activities and therefore the…

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: What purposes are served by a comparative study of financial statements?

A: Purposes served by comparative financial statements:Comparative financial statements analysis the…

Q: What are the benefits of pro forma financial statements?

A: Pro forma financial statement:Pro forma financial statements is a report which are prepared on the…

Q: Explain the importance of perspective analysis to financial statement analysis?

A: The process of evaluating a company's performance or value using its balance sheet, income…

Q: what are the classification of financial market ? Explain its different components?

A: A financial market is an essential part of the financial system. It is defined as a marketplace for…

Q: What are some common red flags in financial statement analysis?

A: Red flags are the situation that persists where stocks are potentially insecure or undesirable.

Q: Define the term financial statements?

A: Financial Statements: When the accounting period ends, there is a need to report and communicate the…

Q: What is the objective of general purpose financial reporting?

A: Financial statement: Financial statements are condensed summary of transactions communicated in 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 assumptions are made in a comparative financial analysis, especially on an international scale?

A: Comparative Analysis: Take two or more sets of data. Compare them side by side And then analyze the…

Q: What are the characteristics of financial instruments

A: Financial instruments are financial assets which can be traded in the financial market. Financial…

Q: WHAT IS THE PURPOSE OF FINANCIAL STATEMENT?

A: Financial statement - are prepared by the management  of a company to convey the performance of the…

Q: The fundamental & enhancing qualitative characteristics of financial information?

A: Characteristics of Financial Information: It refers to those characteristics which financial…

Q: What is a financial instrument?

A: Introduction: A financial instrument is a physical or computer-generated document showing a legal…

Q: what is the return asset that is used in financial statement analysis?

A: Here in this case we need to understand the meaning of return on asset ratio of financial statement…

Q: what is the difference between finance and accounting?

A: Finance means the management of assets and liabilities of a business organisation to focus upon…

Q: What are elements of financial reporting as per conceptual framework? Explain with example

A: The release of financial statements, which contain the income statement, balance sheet, and…

Q: What does the term consolidated financial statements mean?

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

Q: As to why financial statements of the same size might be advantageous. How do they vary from…

A: Here is the Answer :

Q: What is financial reporting environment?

A: A short introduction to Financial Reporting- Basically it is a standard accounting practice that…

Q: Why are common sized financial statements useful? How do they differ from traditional financial…

A: The question is based on the concept of financial statement analysis , common sized or vertical…

Q: How to forecast financial statements?

A: It is the method of evaluating or anticipating how a business will act later on. The most widely…

Q: What is the advantage of using comparative statements for financial analysis rather than statements…

A: Comparative statements: Comparative statements are prepared to analyze the relationship among…

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: What is the importance of Statement of Financial Position?

A: A statement of financial position also known as a balance sheet, is a part of the financial…

Q: How are financial reporting and capital markets related

A: Financial reporting and capital markets are concepts that need to be understood. Generally,…

Q: Overall Comparative Financial Analysis is included:

A: Comparative financial analysis uses financial information of different time periods to evaluate the…

Q: Explain fundamental qualitative character tics of financial reporting.

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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: What is the objective of a financial analysis?

A: Financial analysis is the process of evaluating businesses, projects to determine whether the entity…

Q: What is Vertical  Analysis in Financial Analysis?

A: Financial Statement- Financial statements describe an entity's financial activity and condition. At…

Q: WHAT ARE THE IMPORTANCE OF FINANCIAL STATEMENTS?

A: Financial Statements are the Statements which records the activities of the business and depicts the…

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…