Guiding the reader through the main techniques used to draw informed conclusions from a set of accounts, this text provides a range of examples which place the techniques in a realistic and workable context. Particular emphasis is placed on the use of questions, many drawn from professional bodies' examination papers, with model answers and notes for tutorial guidance.
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This is a revised edition of "The Interpretation of Accounts" and it guides the reader through the main techniques used in the interpretation of accounts, especially ratio analysis, and provides a helpful range of real-life illustrations from published accounts. Particular emphasis is placed on the use of questions, with model answers and notes for guidance. New material is included on topics such as value-added, group accounts, CCA's; non-profit organizations, and the academic debate surrounding interpretations. Careful guidance is given on terminology and on what the examiners are looking for.
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