Question

Difference between financial statements and financial management

Answer 1

n e-commerce if the cost of machine is rupees 100000 and its scrap value is 10000 determine depreciation charges for each year by the sum of the years digits method if the estimated life of machine is 5 years.

Answer 2

Answer:

Financial statement analysis (or financial analysis) is the process of reviewing and analyzing a company's financial statements to make better economic decisions. These statements include the income statement, balance sheet, statement of cash flows, and a statement of changes in equity.

Financial Management is a vital activity in any organization. It is the process of planning, organizing, controlling and monitoring financial resources with a view to achieve organizational goals and objectives.