CASE STUDY;In financial analysis, ratio is used as an index of yardstick for evaluating the financial position and performance of the firm. It is a technique of analysis and interpretation of financial statements. Ratio analysis helps in making decisions as it helps establishing relationship between various ratios and interpret thereon. Ratio analysis helps analysts to make quantitative judgement about the financial position and performance of the firm. Ratio analysis involves following steps: 1. Relevant data selection from the financial statements related to the objectives of the analysis. 2. Calculation of required ratios from the data and presenting them either in pure ratio form or in percentage. 3. Compariso n of derived different ratios with: The ratio of the same concern over a period of years to know upward or downward trend or static position to help in estimating the future, or The ratios of another firm in same line, or The ratios of projected financial statements, or The ratios of industry average, or The predetermined standards, or The ratios between the departments of the same concern assessing either the financial position or the profitability or both. 4. Interpretation of the ratio Ratio analysis uses financial report and data and summarizes the key relationship in order to appraise financial performance. The effectiveness will be greatly improved when trends are identified, comparative ratios are available and interrelated ratios are prepared.

QUESTIONS

1.in the context of managerial accounting, explain the roles and the contributions of theSearch for alternative courses of action in day to day operations

2.what are the after events for the so stated aboveSearch for alternative courses of action

3.what are the best explanations for the gathering of data bout alternatives in managerial accounting?

4.elaborate on theSelectionfor best course of action while making decisions in managerial accounting

5.show how implementation may apply in managerial accounting after decisions for actions have been selected

6.what is your understanding ofComparing Actual and Planned Outcomes and RespondingTo Divergences from Planin managerial accounting?

7.give a brief history on the applications of the Changing Role of the Management Accountant in managerial accounting

8.what is the implication of Certainty environment as an environment for the actions of decision making in managerial accounting?

9.what is the influencing side of risk in determination of courses of action in managerial accounting

10.what are your opinions on Fundamental uncertainty as a concept in managerial accounting