Comparision with last year expenses

Question

Accepted Answer

Comparing current year expenses with last year expenses to analyze the financial performance.

Analyze the differences in expenses between the current year and the last year.
Identify any significant increases or decreases in specific expense categories.
Consider any external factors that may have influenced the expenses, such as inflation or changes in market conditions.
Use financial ratios like expense-to-revenue ratio to assess the efficiency of expense management.
Prepare a detailed report highlighting the key findings and recommendations for improvement.

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