Financial statements are the key to understanding the health of any company. It’s a document that provides information about the company's position at one point in time. It shows the state of affairs of the business.
Reading financial statements is not hard if you know what to look for. Financial statements are organized in a specific order which you can follow to get the general idea about a company's status.
The company’s financial statements are the most important documents that are used by investors to get knowledge about company’s current state. The statement contains detailed information about the company's business and its financial health.
There are three main sections of a company's financial statement:
1) The Balance Sheet, 2) The Income Statement, and 3) The Cash Flow Statement.
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