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Archive for August, 2016

Understanding Financial Statements In 5 Easy Steps

1. Why is it important to understand financial statements?

Financial statements provide information about the economic performance of a company. The purpose is to show how investors’ money has been used in trying to obtain profits and growth, in both, the short and long term. Financial statements should be understandable, relevant, reliable and comparable. Reported assets, liabilities, revenues, expenses, income and equity are directly related to an organization’s economic success.

Posted in: Business matters

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