Analysis of Financial Statements
- Financial Statement analysis is the process of identifying the financial strengths and weaknesses of the firm by properly establishing relationship between items of Balance Sheet and Statement of Profit & Loss.
- The objectives of such analys
- In the Comparative Statements, figures for two or more years are placed side by side to facilitate comparison. This shows financial amounts in different columns on a single statement and facilitates comparison of a company’s financial position & performance acro