Unformatted text preview: -Comparison of the financial ratio to the previous year’s trend. -Must be comparable to the industry norm.-Also comparable to other competitive companies. All the financial matters should be updated as soon the accounts are paid or received by some source. The manual system may sometime lack the regularization which may cause havoc. The computerized system will save time, increase efficiency and also prevent any kind of discrepancy in marinating the record. For example- if we take a simple example of a school and its financial record we will see that if its good then the school will provide more services to the students....
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- Spring '08
- Finance, Accountant, Financial Ratio