Governing and regulating bodies of the state look at financial statement analysis to determine how the economy is performing in general so they can plan their financial and industrial policies. Tax authorities also analyze a companyâs statements to calculate the tax burden that the company has to pay.
Many adults now spend more hours of the day using laptops and phones than they do asleep, a survey has revealed. People spend an average of 8 hours 21 minutes sleeping a day â but spend an average of 8 hours 41 minutes on media devices.
Astonishingly, the average person will spend nearly two hours (approximately 116 minutes) on social media everyday, which translates to a total of 5 years and 4 months spent over a lifetime. Even more, time spent on social is only expected to increase as platforms develop, and is expected to eat further into traditional media - most notably TV.