ACC 225 Week 1 CheckPoint - Analysis of financial statement...

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Analysis of financial statement is a technique used to examine past performance of a company. It is carried out by professionals who study the accounts, calculate relevant ratios, make comments and present them to the management for decision making. At its most basic, financial analysis involves looking at annual reports and accounts to determine if a company is healthy. But the analysis should be conducted keeping in view the industry and time frame. The information must be supported from other sources like Industrial standards, stock exchange quotations and government policies. There are four basic financial statements that are used in the generally accepted accounting principles. They are: balance sheet, income statement, statement of owner’s equity, and statement of cash flows. These statements are supported by detailed notes and statements which are considered as their integral part. Balance Sheet
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This note was uploaded on 02/21/2012 for the course ACC 225 acc 225 taught by Professor Unknown during the Spring '10 term at University of Phoenix.

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ACC 225 Week 1 CheckPoint - Analysis of financial statement...

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