From management's standpoint,financial statement analysis is useful
A) both as a way to anticipate future conditions and,more important,as a starting point for planning actions.
B) as a way to anticipate future conditions,but not for current planning.
C) for planning activities,but not as a way to anticipate future conditions.
D) For meeting government requirements,but not for anticipating future conditions or planning actions.

Question

Quizplus · Accepted Answer

Financial statement analysis is useful for both anticipating future conditions and as a starting point for planning actions from a management standpoint. By analyzing financial statements, managers can identify areas of strengths and weaknesses, make informed decisions about resource allocation, and forecast future financial performance. It is a valuable tool for developing strategic plans and ensuring that the company is on track to meet its goals.

From Management's Standpoint,financial Statement Analysis Is Useful