The actual data is necessary for the analysis of the performance of a company. The ROI, profit margins, and cash flow analysis are all measured by real figures. False data might mislead a company to not make proper assessments of their performance and hence they make wrong strategic decisions as well as resource allocations. It is through this reliable data that an organization will be in a position to evaluate its performance and make the necessary adjustments.
Conclusion
Accuracy of data is an essential ingredient of a good financial analysis process. It offers informed decision-making an
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Interpret and Communicate Findings
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