Understanding Financial Statement

Topics:
Financial Statements
Tags:
Balance Sheet,
Finance,
Financial,
Financial Accounting,
Financial Planning,
Financial Statement,
Financial Statements,
YoungEntrepreneur.com
Source:
YoungEntrepreneur.com

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Overview: Financial Statements record the performance of the business and allows one to diagnose its strengths and weaknesses by providing a written summary of financial activities. There are two primary financial statements: the Balance Sheet and the Statement of Income. The Balance Sheet provides a picture of the financial health of a business at a given moment, usually at the close of an accounting period.

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Format: HTML | Date: Jan 2003 | Pages: 1

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