As your cash business is growing, you must develop another important relationship – with your bank and the bank’s staff. In the modern, and dangerous world we are living, all individuals must have a bank account, bank card, and the Banks’s Cellphone Application (App)...
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Analysis Tools for Physical Records
The most commonly used techniques of financial analysis are as follows: Comparative statements. These are the statements showing the profitability and financial position of a firm for different periods in a comparative form to give an idea about the position of two or...
Importance of Financial Analysis
The importance of analysis is for two users: 1. Internal users: These are the users within the business which require analysis of financial statements. The internal users are: For Management: To know the profitability, liquidity and solvency position to measure...
Types of Financial Statement Analysis
There are two main approaches to the analysis of financial statements. Horizontal Analysis: In this type of analysis, figure in the financial statements for two or more years is compared and analysed. It helps in knowing the trends of the business over some time. It...
Analysis of the Financial Statements
You have learnt about the financial statements (Income Statement and Balance Sheet) of the farms. These are summarised financial reports which provide the operating results and financial position of companies, and the detailed information contained therein is useful...