Monday, December 12, 2011

Identify the range of financial information?

How to identify the range of financial information required to effectively oversee business performance at an operational management level?|||You will need to get your hands on the Income Statement and a Balance Sheet. Get the one for the current year and three from the past three years, by doing this will be easy to compare and see how the business has been improving. When you get your hands on those financial statements/reports make sure to common size them. That will make it easier to look at. Mostly you might want to pay attention at the Operating expenses and Revenues this will help you to determine if you need to reduce on expenses, lay off or hire more employees for the good of business. You might want to look at balance sheet. But i dont think you will have power on the balance sheet. Good Luck!

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