Accounting for Managerial Decisions solved MCQs
1 of 8
1. Horizontal Analysis shows the comparison of data for several years against a chosen ---------------- year.
2. Vertical analysis is made to review and analyse the financial statements of -----------------accounting period.
3. Comparison of financial variables of a firm over a period of time is known as--------------
4. Interpretation requires analysis and ----------------------------------
5. The process of deriving conclusions from the analysis is commonly termed as ----------------
6. Common size Income Statement present the various items as a percentage of ----------------
7. External analysis is based on ------------- financial statements
8. Financial Statements provide a summary of --------------------------
9. When financial statements for a number of years are reviewed and analysed, the analysis is knownas ---------------------
10. When ratios are calculated from the financial statements of one year, it is known as ---------------------
11. Horizontal analysis is also known as -----------------------
12. Trend analysis is significant for
13. In trend percentage the base year is ----------------------------
14. Comparative statements are a form of ---------------------------
15. The term financial ananlysis include both --------- and interpretation
16. Vertical analysis is also known as ------------------
17. The statement prepared to disclose accounting information are known as-----
18. ------------- gives a diagnosis of the profitability and financial position
19. ------------------------ helps in drawing inferences of conclusions
20. ---------------- establishes the relationship of different individual items which same common items
21. Under ------------------------ each item of expenses taken as a percentage on net sales
22. ----------- helps to disclose financial position
23. Disclose accounting information
24. Afford full diagnosis of the profitability and financial position
25. Study of the trend of the same items of two or more balance sheets
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