Description
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Enrolment Author Wallace Davidson, PhD Overview Explore forecasting the income statement, reconciling the income statement and balance sheet, and evidence of growth mismanagement. Topic discussed - Income statement
- Forecasting
- Reconciling
- Growth mismanagement
Learning Objectives - Recognise how expenses change with changes in sales
- Recall how to use regression analysis to help determine the fixed and variable components of expenses
- Identify why the pro forma income statement and balance sheet must be reconciled
- Recall how to reconcile the pro forma income statement and balance sheet
- Recall the ratio of net sales to net worth and the ratio of fixed assets to net worth to help manage growth
- Identify how growth can be mismanaged
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