Need for Financial Statement Analysis

Jun 21st, 2015
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Finance is the science of funds management.[1] The general areas of finance are business finance, personal finance, and public finance.[2] Finance includes saving money and often includes lending money. The field of finance deals with the concepts of time, money and risk and how they are interrelated. It also deals with how money is spent and budgeted.

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Creating a CompanyCreating a Company involves providing basic information about the company whose books ofaccounts are to be maintained in Tally.ERP 9.Go to Gateway of Tally > (Alt+F3) Company Info. > Create CompanyThe Company Creation screen appears as shown:A detailed explanation on each field is given:DirectoryThe data path where you want the company to be created is specified in the Directory field.This field is skipped by default when you create the company in the data path given inthe Tally.INI file. If you want to change it, use the Backspace key and modify it to the pathrequired.This is referred to as the Tally Anywhere concept which is the ability to create/load companies inseparate directories. The Directory field is displayed while selecting Select, Create, Backup, Restoreand Rewrite options for a company. By default, the cursor will skip the field, presuming that youwish to use the default data directory for your work. You may press Backspaceto give a new pathand work from there.For example, the default Tally.ERP 9 data directory could be C:\TALLY.ERP\DATA. You may nowwish to create a new company on C:\TALLY.ERP\PERSONAL, and some other companies onC:\TALLY.ERP\BRANCHES. The next time, the default directory displays C:\TALLY.ERP\DATA, and ifyou wish to work on the data of your branches, press Backspace and enterC:\TALLY.ERP\BRANCHES for the directory name. This displays the companies whose data is storedin that location in the List of

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