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Analyzing financial statements
Chapter 3 analyzing financial statements
Financial statement analysis
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Vertical Analysis Exercise
250 Words1 Page
Recommended: Analyzing financial statements
After completing this exercise and reviewing the accounts such as Mortgage Payment, Insurance, and Income taxes, I now see that those accounts are the control ones in as which the accounts that I need to monitor is the variable expenses such as utilities, food and vacations. This exercise is where I had to perform a vertical analysis. A vertical analysis is a system operation where a single variable of a financial statement is constant and how the other variables relate as a percentage of the single variable. In the vertical analysis the formula that’s used is percentage of base = the amount of individual item/amount of base x 100. By using this technique, I came up with the accounts that are controlled are Mortgage Payment, Insurance, and
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