Financial
statement analysis involves careful selection of data from financial
statements for the primary purpose of forecasting the financial health
of the company. This is accomplished by examining trends in key
financial data, comparing financial data across companies, and
analyzing key financial ratios.
A contract is a
big job requiring considerable length of time to complete and
comprising activities to be done outside the factory promises, viz.
construction of a dam or school building, laying down railway lines,
etc. Since each contract involves considerable resources both in terms
of men and materials, it is necessary to devise an appropriate
accounting system to ascertain the cost and profit made on each
contract separately.
There are several
types of accounting software programs and services. We will focus on
Accounting Software programs that are for home-based to mid-sized
businesses. To find the right software program, you need to ask
yourself a few questions first.
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This article
discusses the definition, structure and role of the Accounting function
as it relates to today's environment. It defines the relationship of
the three types of Accountant within a business, and their individual
contribution. It mentions auditing, tax accounting and double-entry
bookkeeping. Website has many more.