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Financial statement analysis involves the application of analytical tools and techniques to the financial data to get information that is useful in decision-making.
Foundation of any good analysis is a thorough understanding of the objectives to be achieved and the uses to which it is going to be put. Such understanding leads to an economy of effort as well as to a useful and most relevant focus on the points that need to be clarified and the estimates and projections that are required.
Financial statement analysis is oriented towards the achievement of definite objectives. There are three types of users to whom the financial statement analysis could be very useful. They are - short-term lenders, long-term lenders and finally, stockholders.
Q. Internal Control Over Financial Reporting? Internal Control Over Financial Reporting - A process designed by, or under supervision of company's principal executive and princ
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#questioSavage Distribution markets CDs of the performing artist Little Sister. At the beginning of October, Savage had in beginning inventory 1,200 Sister’s CDs with a unit cost o
Didde Co. had 300,000 shares of common stock issued and outstanding at December 31, 2010. No common stock was issued during 2011. On January 1, 2011, Didde issued 200,000 shares of
Beginning balance 24,000 cash Sales 250,000 Gross profit 45% of sales Accounts receivable increase by 24,000 Accounts payable increased by 51,000 Inventory increased by 98,000 Sell
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Value of accounting information When assessing value of accounting information we are confronted with similar problems. Provision of accounting information can be very expensiv
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Half secret trusts In this type of trust the will states that the gift is on trust, but the name of the beneficiary is not specified. Since the existence of a trust is disclose
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