(Student CA Final )
14 January 2016
You have to present financial information in such a way that it is relevant to management and enables decision making. For eg. For receivables, you can include items like ageing analysis,top 5 receivables, reverse balances,receivables turnover,average collection period etc..
For inventories, you can include most procured items, dead and slow stock, negative stocks etc..
Most of this information is already available in accounting softwares like Sap and Tally.