Analyzing Financial Statements
Felix I. Lessambo
Abstract
Felix I. Lessambo
Abstract
By and large, financial statements include the: (a) balance sheet; (b) statements of income; (c) shareholder equity; (d) statement of cash flow; and (e) notes to the aforementioned statements. Besides these five key sets of data, the modern financial statements incorporate the Management Discussion and Analysis, the Proxy Statement, the Auditor’s Report, and, sometimes, the firm’s corporate governance structure.
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By and large, financial statements include the: (a) balance sheet; (b) statements of income; (c) shareholder equity; (d) statement of cash flow; and (e) notes to the aforementioned statements. Besides these five key sets of data, the modern financial statements incorporate the Management Discussion and Analysis, the Proxy Statement, the Auditor’s Report, and, sometimes, the firm’s corporate governance structure.
Key concepts: Cash flow statement, Balance sheet, Income statement, Accounting, Financial statement analysis, Statement of changes in financial position, Business, Financial statement