analysis of financial statement meaning
Answers
Financial statement analysis is the process of analyzing a company's financial statements for decision-making purposes. External stakeholders use it to understand the overall health of an organization as well as to evaluate financial performance and business value.
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Explanation:
Financial statement analysis is the are of transforming data of financial statements into meaningful information for the decision making an effort on a total basis. Financial statement analysis is the process that aims to evaluate the current and past financial positions and results of operations of an enterprise.On the other hand, utilize an even more massive & more detailed financial database to assess, for internal management & control purposes, the current financial condition, and results of an enterprise. Financial statement analysis is the art of transforming data of financial statements on a total basis.