Financial Statement Analysis can be used for assessment of past performance only.

Related MCQs

• The relationship between two financial variables can be expressed in:
• The ratios which reveal the final result of the managerial policies and performance is…………..
• AS-7 deals with accounting for construction contracts in financial statements of
• AS -26 deals with the treatment of costs of……………in financial statements.
• AS 15 deals with the accounting for retirement benefits in the financial statements of --------------
• …………….reporting helps uses of financial statements to better assess the risk and t returns of the enterprise.
• In financial lease as per As-19 leased assets is shown in the Balanced sheet of--
• Earning per share is very important financial ratio is computed for assessing the state of --------------price of shares.
• A-5 does not indicate the frequency of interim financial report.
• As per AS -30 prepaid expenses are not financial instruments.