Financial Analysis of Nomadic Variables: A Dynamic View of a Financial Manager (A Study of Selected Retail-Outlet Firms in Lagos State)
OMAH, ISHMAEL; YUNISA, SIMON A.

Abstract
It is often seen that quite a number of expenses do not result in outflow of cash (ie depreciation of fixed asserts, amortization of intangible assets:- goodwill, trade mark, patent rights, amortization of deferred expenses:- preliminary expenses, discount on the issue of shares and debentures). As a result, cash generated by the firm is more than the income made by the firm during the year. Analysis of nomadic financial variables demands a careful examination of components of statement of income and statement of financial position as it contain these financial elements of radicals in nature. The radicality of these elements is the outcome of changes in cash flow from operations of the business organization. Their movement has favorable or adverse effect on the financial adaptability of the entity, cash position. The performance of the organization is strictly dependent on the movement of the nomadic. Variables so to say. Figures 1 to 16 shows the luminaries of these nomadic variables, which depicts the accountant’s dynamic vision and highlight the values of fund movement.

Full Text: PDF