0
1. Financial Analysis refers to an assessment of the viability, stability and profitability of a business, sub-business or project.
It is performed by professionals who prepare reports using ratios that make use of information taken from financial statements and other reports. These reports are usually presented to top management as one of their bases in making business decisions.
2. Automation is the use of control systems such as computers to control processes, reducing the need for human intervention.
SO, automated financial analysis is using computers with control systems (an expert system with rules) to analyze financial information.
HOW DO YOU DO THIS? There is a program called ProfitCents that performs automated financial analysis. ProfitCents is a web-based application that allows users to input an income statement and balance sheet to generate a text write-up of the financial performance of a person, business, or non-profit organization.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Who chairs the Financial Working Group?
Financial analysis officer
What are the Benefits of financial ratio analysis?
One of the main benefits of financial ratio analysis is that it simplifies financial statements. Another advantage is that vital information is easily highlighted.
What is the purpose of financial accounting analysis?
Financial accounting analysis is necessary so that a business can make sure that financial matters are being taken care of without a deficit being present. Financial accounting analysis will also help a business pay the proper amounts for taxes.
What are Three of the most common tools of financial analysis are?
Commonly used tools of financial analysis are: Comparative statements Common size statements Trend analysis Ratio analysis Funds flow analysis Cash flow analysis. According to usage and requirements, comparative financial statements, common size statements, and vertical analysis are some of the most popular financial tools. Unlock the power of cash flow with direct integration with banks to power business insights with Paci.ai
What are the best websites for financial analysis?
UTV Bloomberg
Is there such thing as non-profit organization automated financial analysis?
Yes. And also non-automated financial analysis for NPOs. But there is a way to use computers/expert systems for financial analysis for both for-profit and not-for-profit financial analysis. Sageworks makes a program called "ProfitCents for Non-profits" that does just that. Just enter your financial information from your NPO into the program and a narrative text report is generated. https://www.profitcents.com/USEN/sampleinformation.aspx?report=nonprofit
What is an autoanalysis?
An autoanalysis is an analysis of oneself, or any form of automated analysis.
Why you do the Financial analysis?
financial analysis includes
Concept of financial analysis?
concept of financial analysis?
What are Different Types of financial analysis?
Following are two kinds of financial analysis: 1 - Horizontal Analysis 2 - Vertical Analysis
What you can learn from financial analysis?
In financial analysis, you can determine the flow of the costs which are expressed mostly in percentages and/or ratios. Decision-making is highly dependent on financial analysis.
Can commercial loan analysis be automated?
That depends on what your definition of automated is, but yes, there are software packages designed to assist lenders streamline their work. Sageworks Analyst (http://www.sageworksanalyst.com) includes: * Personal analysis * Business analysis * Real estate analysis * Global (combinations of the above mentioned)
Who is responsible for periodic financial statement analysis?
accountat for responsible for periodic financial statement analysis?
Why do you say that financial statement analysis is management by exception?
why is financial statement analysis part of business analysis? Please answer this question, I'll need it this answer!
How much does a financial analysis make a year?
A financial analysis makes up to $60,000 per year.
What is ratio analysis and importance of ratio analysis in financial management?
what is ratio analysis
What ratio or other financial statement analysis technique will you adopt for analysis of liquidity of a firm?
What ratio or other financial statement analysis technique will you adopt for this.
