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.
Young people aged between 16 and 24 spend more than 27 hours a week on the internet, communications watchdog Ofcom said as it laid bare the extent of the UKâs changing internet habits over the last decade. People are spending twice as much time online compared to 10 years ago, fuelled by increasing use of tablets and smartphones. The biggest increase has been among young adults, with time spent online almost tripling from 10 hours and 24 minutes each week in 2005 to 27 hours and 36 minutes in 2014.