Answer the following in brief :
What do you mean by analysis of financial statements?
It is a process by which financial statements, i.e. Balance Sheet and Income Statement, are analysed to study the business results and the efficiency of the business operations. Also, it helps in the comparison of profitability and financial position of the business over the years or with different firms. Such analysis also facilitates decision-making.
Video Tutorials For All Subjects
- Concept of Financial Statement Analysis