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Finance 18 Online
OpenStudy (rane):

Pls can anyone help in financial statement theory?

OpenStudy (callisto):

Exact problem?

OpenStudy (rane):

What is Financial Statement and important facts about it

OpenStudy (rane):

i have an exam tomorrow and financial statement theory is there.

OpenStudy (callisto):

Unfortunately, I threw all my accounting books away, so I can't give you the "formal" definition...

OpenStudy (rane):

o i c dont u remember anything abt it

OpenStudy (callisto):

I just know how to do income statement, balance sheets and calculating some ratios that help evaluating a business performance. Basically, a financial statement is a record that shows the financial activities of an entity. Maybe you can read this site. Not sure if it helps though. http://www.investopedia.com/terms/f/financial-statements.asp

OpenStudy (rane):

i do now how to to do calculations but was just worried about theory

OpenStudy (rane):

r u in uni?

OpenStudy (callisto):

Yes, but my major is engineering lol

OpenStudy (rane):

o i c, so it has been a long time u have left education life. i mean collage and uni etc

OpenStudy (callisto):

No, I'm a freshman.

OpenStudy (callisto):

I studied accounting when I was in high school

OpenStudy (rane):

thats exactly wht i'm doing now

OpenStudy (rane):

thanks anyway

OpenStudy (callisto):

Welcome, I'm sorry that I'm not useful here.

OpenStudy (rane):

its ok

OpenStudy (mayankdevnani):

@RANE for financial statement: http://en.wikipedia.org/wiki/Financial_statement

OpenStudy (mayankdevnani):

i think you refer to this link already!!!

OpenStudy (rane):

i have already visited this web. its just the basics

OpenStudy (rane):

thanks anyway

OpenStudy (mayankdevnani):

i don't know much about financial theory.....but its my duty to help you....here are some links and i think they are very benifit for you..... 1) https://www.boundless.com/finance/financial-statements-taxes-and-cash-flow/introducing-financial-statements/uses-of-a-financial-statement--9/ 2) http://www.investopedia.com/articles/basics/06/financialreporting.asp and also: \[\huge :)\color{red}{BEST}\space \color{green}{OF}\space \color{orange}{LUCK}\space for \space your \space exams :)\]

OpenStudy (mayankdevnani):

hey!!! its my pleasure..... bahut bada dhanyawad !!!

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