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- It's been a while since we both hung out, isn't it? I really wanted to discuss this with you, I can't lose the opportunity of getting under the Top 10 companies
- Yes! it has been a while. And I have high hopes for your selection under the top 10. What have they asked though?
- They want us to submit reports of the company, to recheck if we've gained our profit through a legal manner. So we'll have submit the analysis of the companies information as a proof of statements.
- what do you mean? I'll just check through the financial information and submit a report.
- That sounds good, how are you going to analyse the financial statements though?
- No!!, there are different techniques of submission of a financial statement analysis, we could do any of them and submit to them
- that sounds fun, what method do we use?
- how do I ask her to explain all of it, she'll probably think why was i assigned for this
- you seem confused, that's alright, I'll brief you through all the techniques. Let's meet tomorrow and maybe i would be your teacher for a while, haha.
- There are a lot of techniques, but some that are majorly used are common size statements, ratio analysis, cash flow statement
- Common size financial statements are used to make it easier to compare a company to its competitors and to identify significant changes in a company's financials. In a common size analysis, you compare the percentages between two or more years to evaluate financial strength,
- Its alright!, i do appreciate how you've been helping me!
- Don't mind though, I made it like a presentation for you so you understand what it means, and i also wanted to try my new projector.
- Ratio analysis is a quantitative method of gaining insight into a company's liquidity, operational efficiency, and profitability by studying it's financial statements such as balance sheet and income statement. Ratio analysis is one of the most important tool used for financial statements analysis
- thank you so much! this has helped me a lot, I'll consider this under and also look towards other tools. I have to get to the office, take care
- That's alright, do leave me a text when you've decided what technique to choose.
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