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FINANCIAL STATEMENTS
Top 5 interesting facts about financial statements (FS)
1.With FS, 3 things should always come to your mind:
P - Performance
P - Position
C - Cash flows
Top 5 interesting facts about financial statements (FS)
1.With FS, 3 things should always come to your mind:
P - Performance
P - Position
C - Cash flows
http://2.It ’s one thing to “prepare” a FS. It’s another thing to analyse and make deep sense out of it.
3.Arguable, statement of cash flows is popularly regarded as the most important content of the financial statements.
3.Arguable, statement of cash flows is popularly regarded as the most important content of the financial statements.
4. It is easy to forget that the notes are also an integral part of the financial statements. The notes have a way of making you see deeper into the reporting entity; like the light in the dark tunnel.
5.FS also show the results of management’s stewardship of the resources entrusted to it. It is like judgement day for management.
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