Abstract:
The skill of understanding and analyzing financial
statements is essential for business professionals, market
practitioners, and investors since it deep dives into the
evaluation of the financial health and stability of a
business. As a concept, analyzing financial statements
may be fundamental since it involves scrutinizing
financial reports, both published and unpublished, to
review, evaluate, and interpret the company's
performance in terms of profitability, liquidity, solvency,
and efficiency. Still, it stood the test of time and remains
relevant since the business itself and the stakeholders can
recognize the strengths and weaknesses of the firm,
which helps to make strategic financial decisions
irrespective of location, size, and the sector in which the
business is operating. Therefore, a helpful workbook to
guide the user in assessing the financial statements is
required promptly.
