Financial Statements and Their Role in Small Business

Financial Statements and Their Role in Small Business

Accounting for Life

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The most common financial statements are…the balance sheet, income statement, cash-flow statement, and the statement of shareholder’s equity. Financial statements provide many benefits as they provide a snapshot of the long-term health and growth of a company and each has a unique role to play in measuring performance, financial position, and cash flows of a business and should  be reviewed by owners, lenders, creditors and management in the eval...
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The most common financial statements are…the balance sheet, income statement, cash-flow statement, and the statement of shareholder’s equity. Financial statements provide many benefits as they provide a snapshot of the long-term health and growth of a company and each has a unique role to play in measuring performance, financial position, and cash flows of a business and should  be reviewed by owners, lenders, creditors and management in the eval...
Read More