Financial statements blog

Category: Financial statements

  • 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 one ...
  • 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 year. What part of ...

"The financial statements are linked!"