Category Archives: Financial statements

Business accounting

Business accounting can be: Historical – record of transactions that have taken place. Projecting (future) – shows the future financial picture of a budget. Traditional business accounting is an historical record of the finances of a business over a period of time.  Examples: Revenue: What was the revenue amount achieved per month and for the…

Best balance sheet format for financial analysis

Traditional or financial. The traditional balance sheet has evolved over the years to fairly report the financial position of a business.  However, it is not great when you want to do financial analysis. The ideal is to divide the balance sheet into two – those items that provide funding to the business (CASH, EQUITY, DEBT) on…








“The financial statements are linked”