What Are Financial Statements?

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On our website, we are trying to educate our clients about real estate and business. In this post, we are explaining What Are Financial Statements? because these documents are one of the most documents for business or commercial properties. So if you are the seller and would like to sell your property/business be ready.

Additionally, Financial Statement is a record that conveys the business activities and the financial performance of a company. These documents often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes. Additionally the includes:

  • Balance sheet
  • Income statement
  • Cash flow statement.

The balance sheet provides an overview of assets, liabilities, and stockholders’ equity as a snapshot in time. The income statement primarily focuses on a company’s revenues and expenses during a particular period. The cash flow statement (CFS) measures how well a company generates cash to pay its debt obligations, fund its operating expenses, and fund investments. Generally speaking, buyers, investors, and financial analysts are asking about these documents. On one hand, we are working with many investors and buyers. On the other hand, we are dealing with many property owners and business owners. That is why we are trying to have win-win transactions. So, if you need our help, please reply!

This post is a simple definition, accountants and financial analysts can help you to find out more!

BABAK MEHRABI, Real Estate Salesperson

https://www.reco.on.ca/

 

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5 thoughts on “What Are Financial Statements?”

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