Examlex
Match each term with the correct statement below.
-Provide a basis for comparing data collected during problem situations with data showing normal performance conditions
Vertical Analysis
A method in financial statement analysis where each entry for each of the three major categories of accounts (or financial statements) is represented as a proportion of the total account.
Income Statement
A financial statement that reports a company's financial performance over a specific accounting period, showing revenues, expenses, and profits or losses.
Horizontal Analysis
A financial analysis technique that compares line items in financial statements over a period of time to identify trends and growth patterns.
Percentage Change
A mathematical calculation that shows how much a quantity has increased or decreased in percentage terms from the original figure.
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