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Question:-
What do I need to know about financial statements?
 
Answer:-

First, you need to know which financial statements are important. They are:

  • Balance Sheet—shows the financial conditions of your business at a point in time
  • Statement of Operations (Profit and Loss Statement)—shows whether you made a profit during a specific period of time
  • Cash Flow Statement—shows what happened to your cash position during a specific period of time

You should have a basic understanding of each of these statements. When compared with statements from prior periods, you can determine whether something is happening in your business that needs your special attention.

Your accountant can prepare these statements for you from the business data that you supply. There are also a number of computer software programs that will help you generate these statements from your input of regular transactions—such as sales, collections, purchases, payments and payroll.

A SCORE counselor can help you understand these statements and may be able to direct you to a workshop on this subject. In addition, most community and business colleges teach courses in financial statement analysis.

  
 
 
 
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Anil  Bist

Skills    Startup Strategy

Qualifications :- High School - SLV, College/University - Graphic Era Deemed Univ University,
Location :-Dehradun,Dehradun,Uttarakhand,
Description:-

in 2006, i Join a web development company in Bangalore and start work on "Ruby on Rail" this is my first web development framework and we worked in this framework and develop four to five project after some time , I moved to JEE/Sturst frame work,

After some time i decided that now times come and I have to go on in my own way and I started a company name is "Soarlogic&q
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