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What are the main objectives of comparative analysis and why are they important to external users...

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Accounting

What are the main objectives of comparative analysis and why arethey important to external users of the financial statements, suchas investors?

What are the main differences in the role of financialaccounting and managerial accounting?

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What are the main objectives of comparative analysis and why are they important to external users of the financial statements such as investors The main objectives of comparative analysis is to benchmark an organization performance with that of the industrial leader to determine whether the performance of the firm is moving towards the right directionAlsoit helps to compare the performance of rivals and that of the industry and this creates a sense of direction Comparative analysis are useful to user of financial statement such as investor since they establish whether the firm is worth the investment by determining whether the amount invested will earn meaningful returns Comparative analysis alsoaids in helping the management and    See Answer
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What are the main objectives of comparative analysis and why arethey important to external users of the financial statements, suchas investors?What are the main differences in the role of financialaccounting and managerial accounting?

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