Understanding Financial Statements

Financial statements or tax returns tell a story about a business.  They can tell the reader if a business is becoming stronger or weaker.  A strong business is able to increase its revenues and profits over time.  Increasing assets and decreasing debts can also indicate a business is growing stronger.  Most importantly you need to be able to trust the financial statements that are telling you the story.  Financial statements or tax returns prepared by a properly qualified outside party are more reliable.  Please see our February 2014 newsletter on “Understanding Financial Statements” for more information on the topic.

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