Financial Statements and Their Significance

Topic: Business & Economics

What is Financial Statement Analysis?

Financial Statements and Their Significance

Topic: Business & Economics

What is Financial Statement Analysis?

Many companies and individuals rely on financial statement analysis in their work. It is the procedure of using analytical and financial tools for examination and comparison of financial statements (What is Financial Statement Analysis?). Financial statements are a requirement by law, and interpreting them gives businesses many benefits

The task is mainly performed to gather data and make better business decisions. Financial analysis allows interested parties to examine financial statements and see whether a business is worth their investment.