Financial statements are a valuable and necessary tool of financial reporting that can serve both external and internal reporting needs. A thorough financial statement that has been accurately prepared by an experienced financial professional will give a complete picture of the financial condition and performance of a company or organization.
Financial statements can be used when applying for a loan or in the process of selling or buying a business. Financial statements are also crucial elements of internal reporting, giving management a clear picture with which to formulate & implement financial goals & strategies.
