Financial analysis helps the users of the financial statements to understand the complicated matter in a simplified manner.

True

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False

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Solution

The correct option is A True
True. Financial Analysis helps the users of the financial statements to understand the complicated matters in a simplified manner. Financial analysis is reviewing and analysing of financial data, understand the past, present and future projected data. It gives a useful insight to the users as to what is the condition of the company.

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This analysis helps to understand the impact of each item in the financial statement and its contribution to the resulting figure.

What do you understand by analysis and interpretation of financial statements? Discuss its importance.

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