This paper contains a series of comments which advise a business person on how to interpret financial accounts. Items discussed include:
- Key Components Of Financial Accounts
- Trading And Profit & Loss Account
- Format Of Trading And Profit & Loss Account
- Key Statistical Information In A Trading And Profit & Loss Account
- Balance Sheet
- Debtors' Aged Analysis
- Stock
- Creditors' Aged Analysis
- Fixed Assets
- Long Term Liabilities
- Tax Provision
- Provisions
- Working Capital
- Loan Account Movements
- Bank Account Analysis
- Source And Application Of Funds Statement
The paper also contains a sample of a Departmentalised Profit & Loss Account.
