A written report which quantitatively describes the
financial health of a company. This includes an income
statement and a balance sheet, and often also includes a
cash flow statement. Financial statements are usually
compiled on a quarterly and annual basis.
In British English, including United Kingdom company law,
financial statements are often referred to as accounts,
although the term financial statements is also used,
particularly by accountants.
Financial statements provide an overview of a business'
financial condition in both short and long term. All the
relevant financial information of a business enterprise,
presented in a structured manner and in a form easy to
understand, are called the financial statements
Fnancial statement includes P/L account and Balance sheet
of the company, the P/L A/C shows profit or loss of the
company and balance sheet shows financial position of the
company.
Mr X has invest Rs.150000/- from his saving bank a/c for
fixed deposit after maturity he received with interest amt
Rs.165000/- He requested bank to renewed the same excluding
inst amt.Bank after deducting charges credit the insterest
amt to Mr. X a/c..pass the Journal entry in the books of MR.X
I have done MBA Finance. After a lot of hard work i got a
job as a business Analysist. Is that profile is good for my
career? what are the future oppor. for me? Pls help me
Thanks a lot