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.
According to Managerial Accounting by Braun, Tietz (5th edition),
- Common-size statement. A financial statement that reports only percentages (no 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.
