financial statement


2 Answer(s)


Hi,
1.The various financial statements include Income Statement ,Balance Sheet and Cash flow statement.
2.Income Statement-Shows the revenue earned and expenses incurred during the year and finally the Profits earned during the year.
3.Balance Sheet-Shows the assets and liabilities position of the company at the end of the year.
4.Cash flow statement-Shows the movement of the cash across the organisation.
5.So as an analyst, all these statements are very important for performing financial analysis of any company.After all, a company is just a bundle of various financial transactions during a given year, which are captured through the above mentioned statements.

all three, understanding of all three statements are important..