Financial statements already contain many of the counts, totals, sums, averages, subtotals, minimums, and maximums that are needed as part of accounting descriptive analytics.

Question

Quizplus · Accepted Answer

Financial statements consolidate various financial data and metrics, including counts, totals, sums, averages, subtotals, minimums, and maximums, which are essential for conducting descriptive analytics in accounting.

Financial Statements Already Contain Many of the Counts, Totals, Sums