Meaning of Financial Ratio and Financial Ratio Analysis Financial ratios are routinely expressed measures to describe the significant relationship that exists between figures shown in income statements of companies normally spoken in the form of times, proportion, and percentage. The standard ratios a manager uses to evaluate a firm’s overall financial condition are financial ratios. […]
Financial Ratio Analysis Read More »
Financial statement analysis is a technique of answering various questions regarding the performance of a firm in the past, present, and future. The analysis enables financial managers to recommend steps to be taken for the correction of faults. Here is a brief introduction to the process and techniques of financial statement analysis. The need for
Process and Techniques of Financial Statement Analysis Read More »
Financial statements and reports present the position of a firm in terms of monetary value at a particular point in time. The types of financial statements that business firms prepare and punish periodically are an income statement and a balance sheet. Besides, there are other special types of statements such as a statement of retained
Financial Statements and Reports Read More »
Financial Statements-Meaning After setting a goal of the corporation and designing the tasks and decisions accordingly the duty of the corporate manager is to report the stakeholders about the corporation’s affairs. The shareholders are the real owner of an organization. Therefore, corporate managers have to report the shareholders about the organizational financial matters that affect
Role of Financial Statements Read More »