There comes a time when a business needs to upscale by becoming a bigger and better version of itself. The business ecosystem is a highly competitive and demanding one globally. This in fact allows entrepreneurs two options; “Thrive” or “Die”. Mostly the only way to keep a business running is to expand operation. Evidently, the …
INTERPRETING FINANCIAL STATEMENTS (FINANCIAL RATIOS)
The financial statements are useful to a wide range of users such as the company’s management, potential and existing investors, lenders, business rating agencies, customers, suppliers, employees, and several others. Each of these users view the financial statements from different perspectives for different reasons. There are multiple ways of analysing financial statements such as trend …
Continue reading "INTERPRETING FINANCIAL STATEMENTS (FINANCIAL RATIOS)"
UNDERSTANDING FINANCIAL STATEMENTS
Ever heard the term financial statements or FS (as accounting professionals like to call it)? What does it really mean? Let’s find out! Financial statements refer to a set of structured, summary-level reports about an organization's financial results, financial position, and cash flows prepared at the end of its financial reporting period with comparative amounts for the preceding period …