Study of financial statements
Management accounting is the technique of analyses and interpretation of financial statements (final account) prepare by business organization.
From such analyses & interpretation, we can draw various financial conclusions in respect of any business organization.
For that purpose we have to present our financial statement in vertical form which includes:
1. Vertical balance –sheet.
2. Vertical revenue statement (income statement).
Management accounting is the technique of analyses and interpretation of financial statements (final account) prepare by business organization.
From such analyses & interpretation, we can draw various financial conclusions in respect of any business organization.
For that purpose we have to present our financial statement in vertical form which includes:
1. Vertical balance –sheet.
2. Vertical revenue statement (income statement).