Stefano
Mon Jan 13 2025
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7 answers
1946
What are the two underlying assumptions of financial statements?
I am trying to understand the basic assumptions that form the foundation of financial statements. Specifically, I want to know the two fundamental assumptions that financial statements are built upon.
Claudio
Thu Oct 03 2024
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7 answers
1912
Which 2 of the 3 financial statements is most important?
I'm curious to know, in the realm of finance and particularly when it comes to assessing the health and performance of a company, which two of the three financial statements are typically considered the most crucial? The three, of course, being the balance sheet, the income statement, and the cash Flow statement. Each one offers unique insights, but which two hold the most weight in the eyes of investors, analysts, and financial professionals?
Giulia
Sat Sep 28 2024
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5 answers
1498
What are the 2 main types of financial statements?
I'm curious, could you please explain to me the two main types of financial statements? Are they the income statement and the balance sheet? And if so, could you elaborate on what each of them represents and why they are essential for assessing a company's financial health? I'm eager to understand the role they play in decision-making processes and how they can impact investors' perspectives.
