A financial report that shows changes in a company’s working capital over a period. It highlights the sources and uses of funds, especially shifts between current assets and liabilities. While less common today (replaced by the cash flow statement), it’s still used for strategic financial analysis.
Forecasting it the process of estimating future financial outcomes based on historical data, trends, and assumptions. It helps businesses plan…
Metrics derived from financial statements used to evaluate a company’s performance, health, and efficiency. Common ratios include current ratio, return…
Financial accounting is the process of recording, summarizing, and reporting a company’s financial transactions in accordance with standardized rules like…
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