ANALYZING FINANCIAL STATEMENTS
FINANCIAL STATEMENTS Stuff you don’t want to deal with
MOST IMPORTANT POINT You know more than you think you do!
YOU MUST ACCOMPLISH Putting it under your nails In your nose, so it tickles Put your fear behind you Therefore – ask????????’s
The Financial Statements The financial statements mainly consist of three documents: The balance sheet –provides a snapshot of the [company’s] assets and the sources of money that was used to buy those assets. The income statement –is like a video. It shows how profitable the firm has been over the past year. The source and Use of Funds –gives an overview on how cash has been generated or raised and thereafter reinvested or paid back.