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TYPES OF FINANCIAL ANALYSIS
a) According to the material used, the study can be -
i) External analysis: Where analysis is done by exterior interested parties and
ii) Internal analysis: Where study is done by inner parties
b) According to the modus operandi of the study, the study can be -
i) Horizontal analysis: Where every single item in the declaration is analyzed over a numeral of years, so that its trend is known and
ii) Vertical analysis: Where a variety of items in a exact year's statement are analyzed so that inter relationships are understood.
ACCOUNTING STANDARDS An Accounting Standard is a elected set of accounting policies or broad strategies concerning the principles and methods to be elected out of numerous subs
Accounting conventions The phrase 'convention' is used to signify customs or ethnicity as a guide to the research of accounting statements. A variety of accounting conventions
Calculate the amount of interest for each of the following independent situations (assume 365 days per year): a)
accounts show the amount of money owed to the firm by customers. A. Supply B. Prepaid C. Receivables D. Payables
Closing Entries based accounting question a) Describe the nature of Closing Entries. I.e. what is the purpose of closing entries? b) For each of the f
Q. Explain about Manufacturing companies? Manufacturing companies purchase materials convert them into products and then sell the products to other companies or else to the fin
Q. Example of physical inventory? Taking a physical inventory may perhaps disrupt the normal operations of a business. Therefore the count should be administered as quickly and
1. Double declining method 2. Units of production method 3. Sum of year digit method 4. Straight-line method Depreciation Fund Method Insurance Method Annualy Method
Q. What is credit balance? If on the other side the sum of the credits exceeds the sum of the debits the account has a credit balance. For example assume that a company has an
State about the Reporting sales taxes collected SALES TAX PAYABLE - CREDIT BALANCE SALES RETURNS INVOLVING A SALES TAX Tax should also be returned to the customer.
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