Acct 2101 Chapter 13 Top Exam Questions & Answers, Graded A+

Acct 2101 Chapter 13 Top Exam Questions & Answers, Graded A+ Three things we need to know for measuring and evaluating financial performance the general categories to evaluate the particular elements within each category how to measure performance Benchmarks can include.. the company's prior year results and the results of close competitors or the average for the industry help when interpreting a company's ratios benchmarks The goal of managerial accounting is to... provide information for decision makers to understand and evaluate the results of the business decisions. Three financial analyses tools horizontal analyses Vertical analyses ratio analyses also called trend analyses horizontal analyses In horizontal analyses, we compute/compare financial statement items to comparable amounts in ______ _______ with the goal of identifying __________ ________, or _____. prior periods sustained changes trends Year to year change Current year total – prior or base year total x 100/prior year total Who establishes the base year? Management