by Roberto Belingueres | Mar 21, 2021 | Accounting, Articles & Publications
Beyond the record creation process, accountants use the information gathered for analysis and interpretation. Accountants are usually concerned with understanding the meaning of the amounts they obtain, and they look for the relationship between business events and...
by Roberto Belingueres | Mar 16, 2021 | Accounting, Articles & Publications
Audits can stem from things you do — or don’t do — when filing your tax return. Typically, the tax agency will send out about 30,000 letters a year letting Canadians know they’re being audited. While that’s just a fraction of the 27.5 million taxpayers out...
by Roberto Belingueres | Mar 15, 2021 | Accounting
Financial statements’ analysis consists of a comparative study of accounts’ relations and trends to determine a company’s economic and financial position. There are methods to analyze, simplify, understand and value the information to know the changes year by year. We...
by Roberto Belingueres | Mar 12, 2021 | Accounting
The second method to analyze financial statements is the horizontal method used to analyze financial information in two fiscal years. This method consists of comparing various financial statements, and it has a comparative evaluation between two years as less to...
by Roberto Belingueres | Mar 12, 2021 | Accounting
As said in previous articles, we have two primary methods to analyze financial statements. Here you will learn how to use both steps by step. The first method, known as the vertical method, analyzes one fiscal year’s financial information to determine financial...
by Roberto Belingueres | Mar 7, 2021 | Accounting, Articles & Publications
Financial Statement analysis is carried out through methods, often defined as techniques that allow knowing the entity’s transactions on its financial situation and results. Based on the order to follow the analysis, these methods simplify and separate the...
