25
5. Entities
may
not
be
comparable
because
of
factors
such
as
the
use
of
different
accounting methods, size, and the diversification of product lines, data may not
provide meaningful comparison.
2.3 Analysis method of Pension Fund Financial Statement
Analyzing
a
financial statement conducted by
understanding the condition of a company
through
accounting
by
the
media
of
financial report.
Steps
that
often
perform
in
the
financial
statement
analysis
are
calculating
ratios
and
indexes,
comparing
recent
financial statement with previous financial statement, and analyzing relationship and
identify problems in financial statement.
In analyzing Pension fund financial statement, tools that will be used includes:
1. Comparative financial statement analysis
2. Common-size financial statement analysis
3. Ratio analysis
4. Cash flow analysis
5. Compliance Analysis.
6. Investment Performance Analysis.
2.3.1 Comparative Financial Statement analysis
According to Wild, Subramanyam,
and Halsey (2004, p.24-25) Individuals conduct
comparative
financial
statement
analysis by reviewing consecutive balance sheets,
income statements, or statement of cash flow from period to period. The most important
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