The Financial Statements
Profit & Loss Statement
The importance of understanding the Profit & Loss statement cannot be underestimated. Here the income and expenditure is recorded, also various ratios can be calculated. Key in providing vital information for Business Owners, seeking to lead their company strategically.
The Balance Sheet
A Balance Sheet is a statement that reports a companies assets liabilities & shareholder’s equity at a specific point and time. A major report in providing the valuation of a company.