#8 What Is Financial Statements, MIS & KPIs, & Why Is It So Important?
When we start a startup journey then its important to learn about Financial Statements, Management Information Systems, and Financial Key Performance Indicators. These three measures indicator for a startup to analysis busineses ups and downs. Financial Statements are reports that every business organization must prepare to be able to indicate to its stakeholders and operators,
- Published in Startup Master Class
PREPARATION OF FINANCIAL STATEMENTS
What are Financial Statements? Financial Statements are the end products of the Accounting Process, Which reveals the financial results of the specified period. Components of Financial Statement Income Statement Manufacturing Account Trading Account Profit and Loss Account Statement of Financial Position Balance Sheet Why are Financial Statements important for business Financial transparency Evaluate tax-liability Mitigate error Improved payment cycle Build trust Better Decision Making, planning, and forecasting. Step to
- Published in Manage Business