Fantastic Define Comparative Statement
Noun a financial statement with figures arranged in two or more parallel columns each column representing a fiscal year or other period used to compare performance between periods.
Define comparative statement. Comparative statement Business a financial statement with figures arranged in two or more parallel columns each column representing a fiscal year or other period used to compare performance. Comparative Profit Loss account or Comparative Income Statement. Comparative statement definition is - a business statement including two or more sets of figures arranged for comparison.
Both for inter-firm comparison and intra-firm comparison. This type of financial statement allows for easy analysis between. On the other hand comparative profit and loss account for a number of years provides the following information.
Definition of comparative Entry 1 of 2 1. A set of comparative financial statements presents a companys financial performance for two or more consecutive periods in side-by-side columns. You can compare different accounting periods from your records.
A financial statement with figures arranged in two or more parallel columns each column representing a fiscal year or other period used to compare performance between periods Most material 2005 1997 1991 by Penguin Random House LLC. The financial statements that may be included in this package are. It helps the reader of such a statement to compare the results over the different periods for better understanding and also for detailed analysis of variation of line-wise items of Income Statement.
The intent of this format is to allow the reader to compare the results of multiple historical periods thereby giving a view of how a business is performing over time. Rate of change in sales. Home Accounting Dictionary What are Comparative Financial Statements.
Comparative financial statements are the complete set of financial statements that an entity issues revealing information for more than one reporting period. Of relating to or constituting the degree of comparison in a language that denotes increase in the quality quantity or relation expressed by an adjective or adverb The comparative form of happy is happier. A comparative income statement combines information from several income statements as columns in a single statement.