Financial Statement Analysis

Financial Statement Analysis - Financial Statement Analysis...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Financial Statement Analysis 1 Financial Statement Analysis William Edwards June 5, 2011 Cynthia Bell
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Financial Statement Analysis 2 Financial statements are the key to keeping a business on track. Financial statements are important for tracking many things, but mostly the money coming in and the money going out are the most important of all things. Without money no business can survive, and in the corporate jungle it is always survival of the fittest. According to HBS Management Consultants the purpose of financial statements, “is to enable a business to establish the result of its operations over a period of time and to determine its worth at a specific date.” (Singer, 2007) To understand what financial statements do we need to break it down into the different areas of a financial statement. A financial statement will always have an Income Statement; which will show the profit or the loss of monies of the business. There will also be a balance sheet, which shows the summary of assets of the business and the liability and equity of a business by a specific date and or time. There is also a cash flow statement, which will be a amortization of the disbursement and receipt of cash during a specific period of time. Businesses often use this to see where their money is really going and to make sure everything is on the up and up. An income statement tells a company what their financial performance is over a specific
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 07/30/2011 for the course HCA 270 taught by Professor Kulick during the Spring '10 term at University of Phoenix.

Page1 / 5

Financial Statement Analysis - Financial Statement Analysis...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online