Beavers ten commandments to financial statements analysis?

Answer 1

1. Thou shalt not use financial statements in isolation

2. Thou shalt not use financial statements as the only source of firm-specific information

3. Thou shalt not avoid reading footnotes, which are an integral part of financial statements

4. Thou shalt not focus on a single number

5. Thou shalt not overlook the implications of what is read

6. Thou shalt not ignore events subsequent to the financial statements

7. Thou shalt not overlook the limitations of financial statements

8. Thou shalt not use financial statements without adequate knowledge

9. Thou shalt not shun professional help

10. Thou shalt not take unnecessary risks