Essential Book Keeping - QP14 assesses understanding of basic business aims, the distinction between profit and cash flow, importance of credit adjustments, and use of ratios for business comparison. It's crucial for learners aiming to grasp foundational accounting principles.
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Ratios are much harder to understand than a full set of accounts and therefore help non-specialists to examine and compare a company’s performance.
Ratios add perspective to the accounts as figures are expressed on a relative basis, whereas simple quoting the absolute figure may be misleading.
Ratios allow comparison across industries as well as over time.
Ratios can quickly be used to spot trends.
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Quiz Review Timeline (Updated): Dec 6, 2023 +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
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