Secondary market research, or desk research, collects second-hand data and information that already exists as these were gathered by others.
Posts tagged as “Profit and Loss Account (P&L Account)”
The process of comparing the actual performance of a business with the budgeted numbers is known as Variance Analysis. What is a variance?
While stakeholders in a business organization have a use for the published Final Accounts, different stakeholder groups have unequal access to information.
Each stakeholder group will want to know different information about a business, therefore will analyze Final Accounts differently.
Different types of ratios are used to analyze information from Profit and Loss Account (P&L Account) and Balance Sheet to judge financial performance.
Ratio Analysis is a quantitative management tool used for analyzing the financial performance of a business organization.
There is a number of different methods accountants can use to calculate depreciation of Fixed Assets in Balance Sheet. Straight-Line Method. Reducing Balance Method.
Depreciation is a decrease in the value of Fixed Assets. Some assets such as Equipment (machinery) and Vehicles tend to fall in value over time.
Balance Sheet is a statement of the estimated value of the company. The information can be used in a number of ways.
Profit and Loss Account (P&L Account) is a Final Account that records Sales Revenue, all costs and profits or losses of the business.
Businesses usually have two types of spending such as Revenue Expenditure and Capital Expenditure. Here is how to correctly record these two types of spending.
Profit and Loss Account (P&L Account), or an income statement, contains financial data which business stakeholder groups find extremely useful.
Profit and Loss Account (P&L Account) contains financial data which business stakeholder groups find extremely useful.
Final Accounts are records of all financial transactions of the business. At the end of each accounting period accountants draw up the Final Accounts.