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A financial statement is a record of financial activities of a person or business. It is difficult to summarize in a few sentences how to read a financial statement, however the website PracticalECommerce has a tutorial available explaining how to read one.
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∙ 11y ago
wajirangarangam
wajirangarangam
Financial statements are where we can search for companies with the golden durable competitive advantage. Financial statements come in three distinct flavors:
First, there is the Income Statement: The income statement tells us how much money the company earned during a set period of time. The company’s accountant traditionally generates income statements for shareholders to see every three months during the fiscal year and the whole fiscal year. Using the company's income statement, We can determine such things as the company's margins, its return equity, and, most important, the consistency and direction of its earnings. All of these factors are necessary for determining whether the company is benefiting from a durable competitive advantage.
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Where can one find financial statement software?
CNet is a resource for a variety of downloads, including financial statement software downloads. This software can also be found at Financial Statement Pro and My Financial Statement.
What is the important of financial account?
it helps one to know his financial statement
Can you consider notes to financial statement to be a financial statement?
Notes to financial statement can be considered to be a financial statement since they report the details and additional information that are left out.
Is income statement same as financial statement?
no. income statement is a only a statement in financial statements.
Financial mission statement?
A financial mission is a statement of one's goals regarding money- how you want to save, spend, and prepare for the future financially.
Which websites offer assistance with financial statements?
SEC.gov offers a great beginner's guide to financial statements. Once you read over the guide and get a feel for how to read a statement, you can easily start creating them on your own.
What are the two major financial statement?
They are the Income Statement also known as Profit and Loss and the other one is the Statement of Financial Position also known as Balance Sheet.
What is a Statutory financial statement?
A statutory financial statement is a financial statement of an insurance company prepared in accordance with statutory accounting standards.
What is financial statement?
financial comparison statement is a statement showing the trend in which financial figures are changing between two accounting period.
What should a businesses financial statement contain?
it should contain statement of comprehesive statement, statement of financial position and statement of cashflows
What is the difference between final account and financial statement?
Financial Statement: Financial statement is a instrument used to present a companies financial position. Financial statement complies with balance sheet, cash flow and funds flow statements. Final accounts is the final stage of preparation of financial statement
What is the g0al of a consolidated balance sheet?
1. Goal of consolidated financial statement is to combine the financial statement of parent as well as child companies as a one set of financial statement to show the overall performance of company rather showing separate financial statements for every company.
