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Analyzing Trends is crucial in financial management, it involves comparing account balances against themselves and each other from one accounting period to the next to identify unusual changes in the balances.
Unusual changes in the balances indicate either under/over payments, accounting errors or other problems including possible fraud.
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What is accounting estimate?
The accounting estimate is a financial approximation. This approximation is used for financial statements to make financial statements more accurate with their crediting and debiting.
What is consolidating financial statements?
hen a large company acquire one or more small companies then acquiring company is called the parent company and acquired companies are called subsidiary companies so when the financial statements of parent company and subsidiary companies are prepared in one financial statement altogether those financial statements are called consolidated financial statements.
What is the difference between abridged financial statements and detailed financial statements?
"Abridged" is more condensed, while "detailed" is just as it implies - detailed, with all financial details, facts and figures included.
What areinancial statements in which financial data for two or more companies are combined as a single entity called?
consolidated statements
What is the meaning of interim financial statement?
Interim financial statements are the documents that enclosed with the complete financial aspects of a business or other individual for less than one calendar year. Mostly these interim financial statements are issued to cover a three month of financial activity of a business. I would suggest you to take a visit to the following website to know more about financial statements http://www.silverwhale.com.au
What are the disadvantages of consolidated financial statements?
Combining financial statements could be a disadvantage because you cannot see the details that give you the strengths of the company. If you have separate financial statements for the parent and subsidiaries then you can break down a more meticulous analysis for each department and therefore see the basis and solidarity of the company
How would you recommend to make financial information more relevant to the investing public and how will you deal with erring providers of doctored financial statements?
your big head
What is auditioning?
auditing is the examination of financial statements by an independent certified public accountant as to the fairness with which the financial statements are prepared.
Which of these statements best describes the financial situation of the Monseigneur?
He needed more money for his excessive life of luxury.
Why is Financial leverage important to financial management?
Financial leverage is important to financial management because it will give an advantage. It allows the organization or entity to have more security.
Can someone help with your final project analyzing financial statements?
what do you need help with? What is the assignment about. More information pleas...
What are the Qualities of financial statements?
there are many four qualitative factors that can be used in evaluating financiial statements. information in the financial statements must have the qualities of relevance, reliability, understandability and comparability. other factors may include materiability and faithful representation hope this answers your question
