Financial statement analysis is where the responsible person goes through the financial statements to help companies make better financial decisions in the future. It involves going through the bank statements, expenditures, savings, taxes, etc. It sounds like a demanding job responsibility, and it is even more difficult for beginners in this field.
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Financial statement analysis includes going through the financial records to analyze various monetary factors. It is used to study the present expenses, saving, taxes to come up with better suggestions on how to improve the financial situation and determine if the overall situation is benefiting or not.
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