Accounting Quiz or Test Your Accounting Knowledge On Financial Statement Analysis

Tweet Refresh or test your accounting knowledge on Financial Statement Analysis: QUESTIONS: 1.0  Identify the users of financial statement 2.0  Indicate the purpose of financial statement analysis 3.0  Identify the types of financial statement analysis procedures 4.0  Assess the liquidity, profitability, efficiency and solvency of a business by applying the financial statement analysis 5.0  Explain […]

In Managerial Accounting, the need to understand Breakeven Point Analysis Formulas

Tweet When studying managerial accounting, understanding break even point and formula are quite critical for operating managers as breakeven point are critical for the survival of a business . Below is a quick reference table summarizing all the major breakeven analysis formulas BREAKEVEN ANALYSIS FORMULAS Contribution sales minus marginal(variable) cost Contribution fixed cost plus profit […]