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Comparative Financial Statement
Comparative financial statements present the financial position and results of operations for a business across multiple periods, allowing for analysis of trends and financial performance over time.
Base Period
A specific time period against which conditions in other time periods are compared, often used in index numbers or to measure economic growth.
Estimated Period
A time frame within which certain financial projections or the useful life of an asset is expected to occur.
Vertical Analysis
A financial method that expresses each item in a financial statement as a percentage of a base figure from the same statement, typically used for income statements and balance sheets.