Why is it necessary to have a consistent method

Reference no: EM133430537

Question: Evaluating the financial health of a firm is critical not only for management's understanding of the business but also for outside investors and creditors. Evaluating a company has a specific set of criteria and processes from both an accounting and a financial standpoint. This week we will discuss the reasons behind these consistent procedures and why they have been implemented.

Considering this please address the following prompts in your discussion:

Why is it necessary to have a consistent method of financial analysis?
Is it unethical to deviate from industry standards when analysis is concerned?

Reference no: EM133430537

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