FINANCIAL STATEMENTS: A TOOLS TO EVALUATE BUSINESS PERFORMANCE
Abstract
Introduction: The study's main objective is to assess a company's performance by looking at its financial statements. Financial statements provide information on profitability, stability, and liquidity. Literature Review: Financial statements involve “cash flow statements, balance sheets, and income statements”. It is possible to pinpoint areas for improvement in cash management, revenue development, and spending control by analysing trends in these statements. Methodology: The research has selected the “primary quantitative research method” through the survey process. The analysis of the data has been performed through SPSS software. The distribution of respondents by age, gender, and level of education is displayed by demographic data. Significant relationships between variables can be found through correlation analysis. Findings: The results show how crucial financial statements are for evaluating a company's performance. They give stakeholders a thorough understanding of a company's financial situation, enabling them to make wise decisions. Discussion: The study emphasises how important financial statements are for assessing a business's success, assisting in data-driven decision-making, and promoting long-term expansion. Conclusion: The study emphasises how crucial it is to use caution when guaranteeing the accuracy of financial data to preserve confidence and dependability in financial statement analysis.
Keyword : Financial statements, Business performance, financial analysis, Performance indicators, Data manipulation
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
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