Discuss the limitations that affect financial statement analysis.
What will be an ideal response?
Answers will vary.
The results of financial statement analysis can be difficult to interpret and explain because of differences among industries, changing economic conditions, and the varying accounting principles and estimates made by different companies. Financial statement analysis is useful in giving an overview of a company. Studying a company's financial statements over a period of years and comparing the results to other companies in the same industry can help to reduce the ambiguity associated with the analysis results.
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Indicate whether the statement is true or false
________ float results from the delay between the time when a customer deducts a payment from the checking account ledger and the time when the vendor actually receives the funds in a spendable form
A) Mail B) Processing C) Collection D) Disbursement
Building everything from start to finish in one project is called ________ development
A) vertical B) horizontal C) circular D) inside-out
Corporate philanthropy has evolved from a series of charitable donations unconnected to core business goals into a long-term, strategic program designed to maximize both __________________
a. corporate impact and broader contributions. b. product line impact and executive contribution. c. social favor and bottom- line profits. d. social impact and bottom- line contribution.