Question 1

What is a financial statement?

Accepted Answer

Financial statements are official systematic documents of financial records showing the business's happening and financial events of a business. Structured, financial information of the company is presented in the investors’ book of accounts to increase comprehensibility.

Question 2

What comprises the four basic financial statements?

Accepted Answer

The main financial statement categories lie under income statements, balance sheets, cash flow statements, and statements of the shareholders' equity.

Question 3

What constitutes a financial statement?

Accepted Answer

The financial statements consist of the four major parts that are — the balance sheets, the income statements, the statements of retained earnings, and the statement of cash flows.

Question 4

Is it possible to find a mentor or a person with expertise to be able to delve into Financial statement analysis?

Accepted Answer

You can enroll for the Financial Statements Analyst Course at Henry Harvin. The course is open to anyone willing to expert in Financial Statements Analyst's composition.

Question 5

How much Salary a Financial statements analyst can get?

Accepted Answer

The salaries of financial statement analysts range from Rs 3.2 lakhs to Rs 44 lakhs and above annually. Nevertheless, factors like experience, profile, and knowledge describe an appropriate salary for you eventually.

10 Elements Of Financial Statements In 2024

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