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Lecture 5 Financial Statement Analysis

Lecture 5 Financial Statement Analysis

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Published by: mainul04029 on Aug 17, 2010
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09/12/2010

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Chapter 6Van Horne and WachowiczFundamentals of Financial Management (11/e)
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Financial statements (or financial reports) areformal records of the financial activities of abusiness, person, or other entity. Financialstatements provide an overview of a business orperson's financial condition in both short andlong term.
All the relevant financial information of abusiness enterprise, presented in a structuredmanner and in a form easy to understand, arecalled the financial statements. There are fourbasic financial statements:
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Balance sheet
: also referred to as statement of financialposition or condition, reports on a company's assets,liabilities, and net equity as of a given point in time.
I
ncome statement
: also referred to as Profit and Lossstatement (or a "P&L"), reports on a company's income,expenses, and profits over a period of time. Profit & Lossaccount provide information on the operation of theenterprise. These include sale and the various expensesincurred during the processing state.
S
tatement of retained earnings
: explains the changes ina company's retained earnings over the reporting period.
S
tatement of cash flows
: reports on a company's cashflow activities, particularly its operating, investing andfinancing activities
.
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