Financial statements are the vitals of any organisation.
If you want to understand how well an organisation is doing, financial statements are the best tools to gauge the same.
If you’re into stock market & you don’t know how to read financial statements, then you are in wrong business & not going to make it like most people do.
So what are financial statements? Let’s briefly understand it into 3 parts:
1. Profit and loss statement
2. Balance sheet
3. Cash flow statement
Profit and loss statement helps you understand whether the company is making profits or losses.
Balance sheet gives you an idea on what is the actual worth aka networth of a company.
Cash Flow statement gives you an understanding on cash flow from operations, investing & financial activities. Basically, how cash is moving in an organisation can be understood from here.
Without having an understanding of financial statements if you’re making any buying & selling in stock market, it’s not investing but gambling.
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