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Essay's paper info
| Topic: |
Business
|
| Number of pages / Number of words: |
2 / 431 |
Essay's paper body
Having a complete and clear financial statement will keep
the business in good shape, on future decision, the company’s veracity it will be more
recognizable.
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The first format of the financial statements is the balance sheet. Balance sheet is a
sheet on where the business would present all their liabilities. In other words, everything
what they own and owes. It reports assets and claims to those assets at a specific point of
time. There are subdivided on two categories; claims of creditors, known as liabilities
and claims of owners, known as stockholders’ equity...
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The statement of financial performance is based on data relating to past transactions and events. Hence the statement of financial performance is of no use to an investor’s decision making process.
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