Tag: Financial Statements

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Updated on May 18th, 2019 in Finance & Accounts

Balance Sheet and Notes to Accounts

A balance sheet is the statement of financial position of a business organization on a given date. It shows the financial position of a business which helps stakeholders in analysing its future prospects.   The topics discussed in this article are: What is a Balance Sheet? Objectives of a Balance Sheet Base Formula of a…

March 2nd, 2019 in Finance & Accounts

Financial Statements

Financial Statements or financial report shows a formal record of all the financial activities carried out by an entity during a financial tenure and its financial position. These are written reports that determine the performance, financial strength and liquidity of an entity. The financial statements manifest the impact of day to day financial transactions impact…