Financial statement analysis involves all of the following except:
A) Assuring that the company will be more profitable in the future.
B) Helping to reduce uncertainty in decision-making.
C) Helping users to make better decisions.
D) The application of analytical tools to general-purpose financial statements and related data for making business decisions.
E) Transforming accounting data into useful information for decision-making.

Question

Quizplus · Accepted Answer

Financial statement analysis does not assure that the company will be more profitable in the future, as it is merely a tool for decision-making based on historical data.

Financial Statement Analysis Involves All of the Following Except