Managers Look at the Financial Statement to See How Well

question 72

Essay

Managers look at the financial statement to see how well a company is doing, but the account balances alone do not tell managers enough.Horizontal and trend analyses are commonly used by managers to help assess the company's financial strengths and weaknesses.
Required:
Explain what horizontal analysis and trend analysis are and how amounts are used in their calculations.What are the steps in preparing horizontal and trend analysis?

Understand the differences and purposes of various business reports (informational, analytical, proposals).

Distinguish between internal and external reports and their implications.

Recognize the components and significance of a business plan.

Understand the roles of direct and indirect approaches in business communication.

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Definitions:

Employee Empowerment Unionism

A form of unionism that emphasizes giving workers greater control and a voice in their workplace and working conditions.

Institutionally Secure Unions

Labor organizations that are firmly established and protected, often through legislation or long-standing collective bargaining agreements, ensuring their continued presence and influence.

Militant

An individual or group adopting a combative or aggressive approach in promoting or defending their interests, often used in the context of labor disputes.

Exclusive Representation

The right of a single labor union to represent all employees in a workplace in negotiations with the employer.