The most commonly used tools for financial analysis are ........

Costing - Phase (I & II) Overview of Cost and Management Accounting

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The most commonly used tools for financial analysis are:

Horizontal analysis

Vertical analysis

Ratio analysis

All the above

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Explanation:

Financial Analysis has great importance to various accounting users on various matters. Income Statements, Balance Sheets and other financial data that provides information about expenses and sources of income, profit loss and also helps in assessing the financial position of a business. The financial data are not useful until they are analyzed. There are various tools and method such as Ratio Analysis, Cash Flow Statements that make the financial data to cater varying needs of various accounting users.