1 Answer - Sort by: Date | Rating
Comparative financial statements help the stake holders of organizations to compare the company's financial condition over the number of years. The financial statements of a company can also be compared with the other company in the industry. Therefore GAAP and IFRS stress on adopting the same standards for making financial statements so that financial statements can be compared on the time as well as on industrial basis. The comparison of financial statements benefit the investors, creditors, lenders, customers, general public, other companies in the same industry and for the internal management as well. More comparable and consistent the financial statements are, more they help management to evaluate the company's performance over the number of years.
1
0
- What Is Meant By Fdi?
- Give Example From The Case Of Times When Bob Nardelli Is Planning, Organizing, Leading And Controlling?
- What Are Static And Functions Of Money?
- Why Secondary Research Is More Important Than Primary Research?
- What's The Different Between Internal And External Environment Of Management?
- What Do Professional Organisations Do?
- What's Internal Environment Of Management?
- What Is The Importance Of Policy In Management?
- What Are The Roles Of Protectionist In Uganda?
- Describe The Main Features Of A Sole Trader?
- How Do You Write A Good Introduction?
- What Is The Significance Of The Law Of Diminishing Marginal Utility And The Principle Of Marginal Returns?how Does A Consumer Use These Theory In Allocating Resource For The Maximization Of Satisfaction ? Explain Your Answer With Suitable Figure?
- What's External Environment Of Management?
- How To Write Email For Different Company To Offer A Product To Them?
- What Is The Relevance Of Manufacturing In Finance?
- What Was The Real Definition Of Management?
- What Are The Challenges Faced By The Modern Business World?
- What Efficiency Of Manager Does?
- What Is Mock Up In Technical Drawing?
- What Are Conceptual And Emperical Research?
- Describe Your Responsibilities With Reference To Business Goals?
- What Are The Various Functions Today's Managers Have To Perform?
- Can You Describe Four Responsibilities Of The Finance Department?
- Use The Value Chain Model To List And Describe The Core And Support Functions In Your Organisation?
- Explain Various Phases Of Group Development?
New Comment - Comments are editable for 5 min.