A firm’s financial statements provide a visual representation of the business to stakeholders inside and outside the firm.
A firm’s financial statements provide a visual representation of the business to stakeholders inside and outside the firm. Analyzing the financial statements helps managers carry out several important tasks.
Think about how you would do budget planning and figuring out your net worth, and share your approach. How would you go about evaluating your personal financial statement? You may look at your bank and credit card statements. What else would you look at and why? What information can you glean from the statements? How do you budget? Important note: do not share your personal information, just your methodology.
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