Types of financial statements and how to analyse financial statements and furure projections.

Question

Accepted Answer

Financial statements include balance sheet, income statement, and cash flow statement. Analysis involves ratio analysis and trend analysis.

Balance sheet shows assets, liabilities, and equity at a specific point in time
Income statement shows revenue, expenses, and profit/loss over a period of time
Cash flow statement shows cash inflows and outflows over a period of time
Ratio analysis involves comparing financial ratios to industry benchmarks or historical data
Trend analysis involves analyzing changes in financial data over time
Future projections involve forecasting financial data based on historical trends and market conditions

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