Tip for today- 3rd May 2014 (The next to last)

Spread sheet
Topic 8 provides you good opportunity to demonstrate IT and spread sheet skills which is a compulsory element of RAP. Populate balance sheet and income statement on separate sheets, also of rivals. So you have four sheets, name them Appendix A, B, C and D. Also calculate ratios for both companies on separate sheets. Extensively use formulas in all sheets. You will be amazed to see:
1. You will get YoY changes in between two years data.
2. ratios are calculated automatically.
3. Your task of analysis made easier, now you have to express in words and give external references and you have proved your spread sheet skills.