ANALYSIS OF FINANCIAL STATEMENTS

Recapitulation:  Chapter 1.. * Heads and Contents of Balance Sheet * Heads and Content of Statement of Profit and Loss Chapter 2 *Meaning, Objectives, Importance,Limitations and  Tools of Financial Statement Analysis Chapter 3 *Tools of Financial Statement Analysis - 1.  Comparative Statements There are Tasks given to you for the day. Task 1. Long term borrowings are concerned about the ability of a firm to discharge its obligations to pay interest and repay the principal amount. True or false? give reason i) Bank overdraft in the Balance Sheet of a company is shown under _____. ii) Common size analysis is also known as ______analysis. Task 2. Read the notes The Second Tool of Financial Statement Analysis is: Common size statements These  are the statements which indicate the relationship of different items of a financial statement with the common item by expressing each item as a percentage of that common items, for example, as percentage...

Dear Students,  Accountancy, is not a theory subject to just read or learn...after acquiring the knowledge of the concepts and understanding its relevance...it doesn't end here..rather it starts from here.. the skill to apply your knowledge of your concepts with clarity is, 'what needs to be tested'. Hope you are trying and making an effort to solve the questions or problems relating to the current topic. There are 2 Tasks given to you for the day. Task 1: * Comparative statement are also known as: A. Dynamic analysis B. Horizontal analysis C. Vertical analysis D. External analysis (choose the correct alternative) State the answer to the above task in the comment box as a mark of your attendance. Task 2: Do the given Assignment # 2 ASSIGNMENT 2 Ques. 1. Prepare Comparative statement of profit & loss                 ...

Hello Everyone.. Recap of the previous day's work... Steps to Comparative Statements' (both for Statement of Profit & Loss and Balance Sheet) were explained through notes, formulas, examples and video. Now with the knowledge and understanding of the topic, you will learn to Apply.  Sending you an Assignment to enhance your application skill. ASSIGNMENT # 1   Ques. 1 Prepare Comparative statement of profit & loss                                                                                                                 ...