Cool Objectives Of Comparative Financial Statement

A To making data simple b To make data comparative c To help in forcasting d To detect financial irregularities.

Objectives of comparative financial statement. Changes taken place in the financial performance are taken into consideration for further analysis. If you can make judgement right there you either havent thought through it throughly or you have made a comparison with the perform. A Indicate the extent of change in assets and liabi lities B Indicate the extent of change in items of Statement of Pofit Loss C Show effect of operative activities on assets and liabilities D Show the direction of change in assets and liabilities.

Financial statement analysis is used to identify the trends and relationships between financial statement items. The balance sheet showing the financial position of. What are Comparative Financial Statements.

Objectives of financial statements are the specific purposes or reasons which may include purpose of compliance understanding the fundamentals of the company measuring the financial strength of the business reporting of the performance results financial stability and liquidity to the various stakeholders of the organisation providing confidence of going concern to the creditors for which the financial statements. Shetti batch 2005-07 vishwakarma institute of management pune-48. Comparative financial statements present the same companys financial statements for one or two successive periods in side-by-side columns.

The objective of the financial statement lies in predicting the earning prospects of net income and also judge the growth of the business. To make the Data Simpler and More Understandable. The calculation of dollar changes or percentage changes in the statement items or totals is horizontal analysis.

Comparative financial statements mean a comparative study of _____ of an enterprise for two or more years. Comparative study of financial statements 1. The main aim of preparing Comparative Financial Statements is to put the Data for a number of years in Simpler and Comparable Form.

Objectives of Comparative Financial Statements are. 1 a project report on an analysis comparative study of financial statements for kalyani steels ltd pune submitted to university of pune in partial fulfilment of two years full time course masters in business administrationmba submitted by ketan p. The calculation of dollar changes or percentage changes in the statement items or totals is horizontal analysis.