Access to relevant data is a growing need for businesses that must make several daily decisions that impact their business outcomes. This survey from 2020 indicates that countries like the USA, Germany, and India are shifting towards data-driven decision-making. Financial data, in particular, plays a significant role in helping businesses determine the most suitable way […]
Trend analysis is a technique for creating precise predictions based on historical data and analysis. It enables comparing data over a specific time frame and detecting uptrends, downtrends, and stagnation. In financial statement analysis, trend analysis involves evaluating an organisation’s financial information over time. Depending on the situation, periods might be counted in months, quarters, […]
Financial statements contain important data regarding a business’s performance. They are report cards of a firm’s financial health and blueprints for future operations. Financial statement analysis is a strong tool that helps the C-suite in strategic decision-making. It is an activity requiring accounting expertise and knowledge of some bookkeeping programs. However, advanced financial statement analysis […]
