Objectives of Financial Statement
The income statement informs the reader about the ability of a business to generate a profit. In the absence of an underlying theory financial statement analysis appears to be ad hoc informal and subjective.
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. At a more refined level there is a different purpose associated with each of the financial statements. From a negative viewpoint the most striking aspect of ratio analysis is the absence of an explicit theoretical structure. In addition it reveals the volume of sales and the nature of the various types of expenses depending upon how expense information is aggregated.
The financial information on which this trading statement is based has not been reviewed and reported on by the Companys external auditors. Sasol will release its 2022 annual financial results on.
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