Common-size statement
Revision as of 11:10, 20 December 2018 by Gary (talk | contribs) (Gary moved page Common-size statements to Common-size statement)
Common-size statement is a comparative report in which each item is expressed as a percentage of a base amount without dollar amounts.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Common-size statements. Comparative reports in which each item is expressed as a percentage of a base amount without dollar amounts.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
