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Reduces profit but does not impact cash flow it is a non-cash expense.
Explain comparative statement. It helps the business owner to compare the results of business operations over different periods of time. Comparative financial statements are statements of financial position of a business designed to provide time perspective to the consideration of various elements of financial position embodied in such statements. The income statement showing results for multiple periods.
A comparative income statement combines information from several income statements as columns in a single statement. A comparative income statement showcases the operational results of the business for multiple accounting periods. It helps you identify financial trends and measure performance over time.
You can compare different accounting periods from your records. In linguistics the comparative method is a technique for studying the development of languages by performing a feature-by-feature comparison of two or more languages with common descent from a shared ancestor and then extrapolating backwards to infer the properties of that ancestor. These statements help in determining the profitability of the business by comparing financial data from two or more accounting periods.
The calculation of dollar changes or percentage changes in the statement items or totals is horizontal analysis. A Comparative Income Statement shows the operating results for several accounting periods. Numerous other analyses can be performed as part of any comparative company analysis using the income statement.
Furthermore such a statement helps in a detailed analysis of the changes in line-wise items of the income statement. Meaning of Comparative Statements. Both for inter-firm comparison and intra-firm comparison.
The intent of this format is to allow the reader to compare the results of multiple historical periods thereby giving a view of how a business is performing over time. The comparative statements show the figures of various firms or number of years side by side ie. Thus most important comparative statements are.
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