Accounting Ratios Are Mathematical Tools, Which Help In Performing The Comparative Financial Analysis For Two Financial Variables.

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Each Company Sets A Purchase Budget Where The Total Expense On Purchases Is Fixed.

However, it's an altogether different fact that not everyone can apply for this post! All the best! Sales is the money generated by selling the goods of the company. Rather, it is put in by people at every level of an organization. ➤ Internal control can provide only reasonable assurance, not absolute assurance, to an entity's management and board. ➤ Internal control is geared to the achievement of objectives in one or more separate but overlapping categories. Revenue is the money that comes in on account of sales of goods or provision of services. Fixed overhead costs are those costs that are not directly linked to production and remain fixed irrespective of the level of production and sales. A business is nothing but an economic entity that has its own assets and liabilities. Sinking fund is a fund created by depositing the profits of each year, with the objective of ultimately paying off a debt. Divestiture is when a company sells its product line, division, or a subsidiary. Chartered Institute of Management Accountants CDMA defines managerial accounting as 'the process of identification, measurement, accumulation, analysis, preparation, interpretation, and communication of information that is used by management to plan, evaluate, and control within an entity and to assure appropriate use of an accountability for its resources.' Average inventory is the average amount of inventory held over the accounting period. Economist needs to have a degree in economics, mathematics, and accounting or econometrics Reconciliation Analysts this profile is common in investment and custodian banks as well as foreign exchange trading enterprises Financial Services Officers and Sales Agents the latter often being known as Relationship Officers or Acquisition Executives Valuation Officers/Executives especially important for valuation of a company's stock or a company's net worth during time of dissolution or liquidation Securities and Commodities Sales Agents Financial Planning for Corporates Public Accounting Practices you need to be a Certified Public Accountant to be eligible for these public practice profiles Chartered Financial Analyst you can either join or establish your own A consulting services firm if you're a formally qualified A Chartered Accountant you can either join or establish your own A consulting services firm if you're a formally qualified A Financial and Equity Researcher Professor of Accounting this is a very well-paying position and most management schools are more than glad to offer this to well qualified individuals Government Accountant yes, even the government needs these wizards to plan and manage all those budgets, national incomes and expenditures, debts and draw up the annual balance of payments! Accounting ratios are mathematical tools, which help in performing the comparative financial analysis for two financial variables.

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