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Interpretation is purely a synonym for understand and it is the ability to be able to comment on the financials and make future business decisions from that information.
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Is income statement same as financial statement?
no. income statement is a only a statement in financial statements.
What do you understand by analysis and interpretation of financial statement?
Analysis of financial statement means using the data in the financial statements to perform further calculations and analysis, like ratio analysis, trend analysis, industry comparison, horizontal and vertical analysis, etc. Analysis is useful to understand historical transactions and also to estimate future prospects. Interpretation of financial statement is basically is drawing meaningful conclusions and judgment based on the results of basic or detailed analysis. Example: Profitability analysis shows that the company has made profit for the last 5 years consistently. Interpretation of this analysis will lead to the conclusion that the probability of the company produce profits in next year is high.
Do financial reporting and financial statement mean the same thing?
"Do the term financial reporting and financial statement mean the same thing?"
What are financial reports that summarize the financial condition and operations of a business?
Financial statements are financial reports which summarize the financial condition and operations of a business. Included in a financial statement are a balance sheet, income statement, and also a cash flow statement.
Is the Bank Reconciliation statement a part of financial statement?
Bank reconciliation statement is not part of financial statement it is the helping statement to tally bank account with balance in banks statement.
What do you understand by analyzing and interpretation of financial statement?
It really all depends on the financial statement. They are all rather similar but they are all different. I would suggest you going to see your adviser and have him or her walk through it for you.
Can you consider notes to financial statement to be a financial statement?
Notes to financial statement can be considered to be a financial statement since they report the details and additional information that are left out.
Is income statement same as financial statement?
no. income statement is a only a statement in financial statements.
What do you understand by analysis and interpretation of financial statement?
Analysis of financial statement means using the data in the financial statements to perform further calculations and analysis, like ratio analysis, trend analysis, industry comparison, horizontal and vertical analysis, etc. Analysis is useful to understand historical transactions and also to estimate future prospects. Interpretation of financial statement is basically is drawing meaningful conclusions and judgment based on the results of basic or detailed analysis. Example: Profitability analysis shows that the company has made profit for the last 5 years consistently. Interpretation of this analysis will lead to the conclusion that the probability of the company produce profits in next year is high.
Where can one find financial statement software?
CNet is a resource for a variety of downloads, including financial statement software downloads. This software can also be found at Financial Statement Pro and My Financial Statement.
What is a Statutory financial statement?
A statutory financial statement is a financial statement of an insurance company prepared in accordance with statutory accounting standards.
What is financial statement?
financial comparison statement is a statement showing the trend in which financial figures are changing between two accounting period.
What should a businesses financial statement contain?
it should contain statement of comprehesive statement, statement of financial position and statement of cashflows
What is the difference between final account and financial statement?
Financial Statement: Financial statement is a instrument used to present a companies financial position. Financial statement complies with balance sheet, cash flow and funds flow statements. Final accounts is the final stage of preparation of financial statement
What is Financial comparative statement?
financial comparison statement is a statement showing the trend in which financial figures are changing between two accounting period.
What is meant by compilation and interpretation?
compilation - to compile interpretation - to interpret
Is a balance sheet the same as a financial statement?
Balance sheet is a type of financial statement. Other types of financial statements could be income statement and statement of cash flow.
