In economics, the question often arises: Do you leave or keep a product? The answer to this dilemma is often difficult to find, but by analyzing the summary of the income statement we can come up with quantitative data that can make it easier for us to make such a decision. This is also an appropriate way to apply a Scenario method by which we can calculate alternatives depending on the steps taken.
If you are engaged in budgeting and cost analysis it will be useful to know how to create a Win-Loss chart. This is a type of Bar Chart chart which, on the left side, holds negative values (most often the losses), and on the right side positive values (most often the gains). On the left side there can be also shown the costs, and on the right side the revenues. Let’s take a look at how this chart works!
Excel has a multitude of financial functions. I’m not sure how many of them can be applied in Serbian business environment, but they are useful when making complex calculations. Financial investment planning functions aim to answer the question: how much will, under the given conditions, be worth my money after a certain period of time? That is, if I borrow money to someone how much I will come? Or, if we lend money for how much it will cost me?