Financial statements are a formal record of the financial activities of a business, person or other entity and provide an overview of a business or person’s financial condition in both short and long-term.
They give an accurate picture of a company’s condition and operating results in a condensed form. Financial statements are used as a management tool primarily by company executive and investor in assessing the overall position and operating results of the company.
Analysis and Interpretation of financial statements help in determining the liquidity position, long-term solvency, financial viability and profitability of a firm. Ratio analysis shows whether the company is improving or deteriorating in past years.
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Analysis and Interpretation of financial statements help in determining the liquidity position, long-term solvency, financial viability and profitability of a firm. Ratio analysis shows whether the company is improving or deteriorating in past years.
Download also:
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