comparative financial statement definition

comparative financial statement

Format for balance sheet and income statement (profit and loss account) in which each item shows figures for the current as well as the preceding accounting period(s) for comparison. These figures may be expressed as dollar amounts (in absolute terms) or as percentages (in relative terms) for horizontal analysis of the financial data. See also common size financial statement.

comparative financial statement is in the Accounting & Auditing subject.

comparative financial statement appears in the definition of the following term: common-size financial statement

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