Become an expert user of financial statements. Put what you learn into practice looking at real and up-to-date company data and case studies.
20 Dec 2023 — 20 Dec 2023Financial analysis is used to evaluate economic trends, set financial policy, build long-term plans for business activity, and identify projects.
by MND Bhavani · Cited by 2 — by MND Bhavani · Cited by 2This function involves the preparation of financial statements such as Income Statement, Balance Sheet, Statement of Changes in Financial Position, Statement of.
This three-day course is for non-accountants who need to read, understand, interpret and analyse the financial statements of companies.
While financial accounting focuses on recording past financial transactions and ensuring compliance, financial analysis is the dynamic process.
Financial analysis involves using financial data to assess a company's performance and make recommendations about how it can improve going forward.
Financial statement analysis is used by internal and external stakeholders to evaluate business performance and value. · Financial accounting calls for all.
This course will enable you to: Understand the various elements of financial statements; Apply accounting principles related to its preparation; Use tools and.
Financial analysis is the process of examining a company's performance in the context of its industry and economic environment in order to arrive at a decision.
Accounting & Financial Ratio Analysis made easy. Learn important accounting skills that will get your foot in the door!
From Financial Accounting
Under the imprest system, a fixed amount (imprest) is given to the petty cashier at the beginning of a period. Petty expenses such as postage, conveyance and stationery are paid out of this amount. At the end of the period, the petty cashier is reimbursed exactly by the amount spent so that the petty cash balance is restored to the original imprest. This system provides control over small expenses and makes petty cash management systematic.
Bad debts recovered are amounts received later which were previously written off as bad. They are treated as income in the year of recovery because the expense was already charged in an earlier year. Usually, Cash/Bank A/c is debited and Bad Debts Recovered A/c is credited, and then it is transferred to Profit & Loss account. This increases profit in the year of recovery.
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Both approaches lead to the same journal entry; the modern approach is often faster because it directly uses the nature of account as asset, liability, capital, income or expense.