Management Accounting
One simple definition of management accounting is the provision of financial and non-financial decision-making information to managers. According to the Institute of Management Accountants (IMA): "Management accounting is a profession that involves partnering in management decision making, devising planning and performance management systems,and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization's strategy"
Assignment
Perform the Financial Analysis of a selected company.
Assignment Solution
A Financial Analysis Report of Kansai Nerolac Paints was prepared along below lines:
Develop Common Sized Profit and Loss Account table
Analysis of Income and Expenditure trends
Analysis of Inventory and Receivables trends
Analysis of Operating Cash Flow trends
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