Asked by Gordana Zezovski on May 31, 2024
Verified
Horizontal analysis is used to reveal patterns in data covering two or more successive periods.
Horizontal Analysis
A financial analysis technique that compares historical financial information over a series of reporting periods to identify trends and growth patterns.
- Comprehend the application of trend percentages in the examination of financial statements.
Verified Answer
JB
Jacob BucherJun 04, 2024
Final Answer :
True
Explanation :
Horizontal analysis involves comparing financial data from different periods to identify trends and patterns in the performance of a company or organization over time. It is commonly used in financial analysis and reporting to evaluate changes in revenue, expenses, and other financial metrics.
Learning Objectives
- Comprehend the application of trend percentages in the examination of financial statements.
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