Miscalculations of both financial statements can lead to poor allocation of resources as well as poor cost...

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Finance

Miscalculations ofboth financial statements can lead to poor allocation of resourcesas well as poor cost control. It can lead to an incorrectevaluation of the business with incorrect financial ratios such asprofitability ratios, operating margin, and profit margin.Miscalculations on the income statement leads to miscalculations onthe operating activities on the cash flows statement.
What does everyonethink about this statement? Do you agree or disagree?

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Yes I do agree with the statements A proper well calculated financial statements can help in financial decision making and understanding the current financial position of the firm On the other hand miscalculations can lead to following Poor allocation of See Answer

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Miscalculations ofboth financial statements can lead to poor allocation of resourcesas well as poor cost control. It can lead to an incorrectevaluation of the business with incorrect financial ratios such asprofitability ratios, operating margin, and profit margin.Miscalculations on the income statement leads to miscalculations onthe operating activities on the cash flows statement.What does everyonethink about this statement? Do you agree or disagree?