Financial statements are crucial for evaluating a company’s financial health and performance. They provide valuable insights into a company’s assets, liabilities, revenues, and expenses. To ensure the accuracy and reliability of these statements, it is essential to check them thoroughly.
Checking financial statements involves examining various aspects, including the balance sheet, income statement, and cash flow statement. The balance sheet provides a snapshot of a company’s financial position at a specific point in time, while the income statement summarizes its financial performance over a period of time. The cash flow statement shows how a company generates and uses cash.
