Financial statements are the report card of a business. Whether you are a new investor, a small business owner, an executive, or just trying to keep track of your personal finances, you need to understand how to read, analyze, and create financial statements so you can get a full and accurate understanding of your finances. Financial statements will tell you how much money the operation has stashed away, how much debt is owed, the income coming in each month, and the expenses going out the door.

Original Article Source Credits:   The Balance , https://www.thebalance.com/

Article Written By:  Joshua Kennon

Original Article Posted on:  June 16, 2020

Link to Original Article:  https://www.thebalance.com/guide-to-understanding-financial-statements-357512