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Fiscal year
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Does The cash basis of accounting commonly results in financial statements that are not comparable from period to period?
Cash is the main transaction in an accounting , it will affect from period to period in financial statement
What is a financial period?
Fiscal year
What are the Problems that a company should face by experiencing a period of severe financial difficulties?
what are the problems that a company experiencing a period of severe financial difficulties?
What is financial cycle?
Financial period start 1st april and end in the 31st march of next year. in the end of year find out profit and loss. some industries have long financial period it's depend up on the industies work period
What is financial report for a period of time?
What is finacial report measures results for a period of time?
What is financial statement?
financial comparison statement is a statement showing the trend in which financial figures are changing between two accounting period.
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 was an entrepreneur of the colonial period?
An entrepreneur of the colonial period was a merchant who took financial risks to invest in colonization.
WHAT IS A FINANCIAL STATEMENT THAT SUMMARIZES THE REVENUE AND EXPENSES FOR SPECIFIC PERIOD?
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Why does a business need to be consistent in the fiscal period it uses for its financial reports?
A business needs to be consistent in the fiscal period it uses for financial reports for purposes of comparison and accuracy. If the fiscal period changes, then it is difficult to compare the business's performance across different periods.
What financial report covers a period of time?
The financial report that covers a period of time is the income statement, also known as the profit and loss statement. It summarizes a company's revenues, expenses, and profits or losses over a specific period, such as a quarter or a year. This report helps stakeholders assess the company's financial performance during that time frame.
How to do a horizontal analysis for financial statements?
Horizontal analysis for financial statements involves comparing financial data over a period of time to identify trends and changes. To do this, you would calculate the percentage change in each line item from one period to the next. This helps to assess the company's performance and financial health over time.
