GENERAL KNOWLEDGE

GK

PUBLIC ADMINISTRATION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
“It is to highlight the achievements, shortcomings and weaknesses of the current financial plan". This statement refers to the ____ process of financial administration.
A
Budgeting
B
Reviewing
C
Planning
D
Accounting
Explanation: 

Detailed explanation-1: -Financial analysis is the process of identifying the financial strengths and weaknesses of the firm by properly establishing relationships between the various items of the balance sheet and the statement of profit and loss.

Detailed explanation-2: -Financial Statements Do Not Contain Some Intangible Assets. Financial Statements Only Cover a Specific Period of Time. Financial Statements May Not Be Comparable. Financial Statements Could be Wrong Due to Fraud. Financial Statements Do Not Cover Non-Financial Issues. More items •18-Jan-2023

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