Accounting - Topics - Understanding and using accounting information -
Strategies for evaluating accounting information
Strategies for evaluating accounting information
This may be done in three stages:
* select appropriate ratios and other criteria to identify significant
change over the two historical years and that expected for the budgeted
year
* fully explain the identified changes
* give reasons for the changes. You must indicate the direction,
magnitude and effect of changes where appropriate. The reasons must be
relevant to the scenario chosen
Unfortunately many students fail to go past ratios when selecting criteria
for assessing a business.
When assessing a business - three other areas also are important:
* comparative data (C)
* actual data (A)
* economic data (E)
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When assessing a business - three other areas also are important, comparative data, actual data, and economic data.
Who does the evaluation?
When assessing a business - three other areas also are important: 1.comparative data (C) 2.actual data (A) 3.economic data (E)
Selecting appropriate ratios, explain the identified changes and give reasons for the changes are some of the strategies that can be used for the evaluation of accounting information.
This may be done in three stages: select appropriate ratios and other criteria to identify significant change over the two historical years and that expected for the budgeted year fully explain the identified changes give reasons for the changes
Strategies, evaluating is use proper in account
Accounting -> Topics -> Understanding and using accounting information -> Strategies for evaluating accounting information Strategies for evaluating accounting information This may be done in three stages: select appropriate ratios and other criteria to identify significant change over the two historical years and that expected for the budgeted year fully explain the identified changes give reasons for the changes. You must indicate the direction, magnitude and effect of changes where appropriate. The reasons must be relevant to the scenario chosen Unfortunately many students fail to go past ratios when selecting criteria for assessing a business. When assessing a business - three other areas also are important: comparative data (C) actual data (A) economic data (E)
Information is precisely given.
always strategize
What are the strategies for evaluating accounting information?