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Author Question: Rather than looking only at the balances reported on the financial statements, it is helpful to look ... (Read 17 times)

tashina2013

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Question 1

Which of the following authorities requires that companies present comparative financial statements that include both the current year and the previous year?
◦ GAAP
◦ GAAS
◦ IRS
◦ IIA

Question 2

Rather than looking only at the balances reported on the financial statements, it is helpful to look at the changes in the account balances over time. This is called
◦ common analysis.
◦ benchmarking
◦ horizontal analysis.
◦ vertical analysis.


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Marked as best answer by tashina2013 on Feb 5, 2023

ad2018

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tashina2013

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review


LegendaryAnswers

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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