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Dear Aniswetha
Following are components of Financial statements.
1) P&L A/c
2) Balance Sheet
3) Cash Flow Statement
4) Footnotes
FSA has broad role to play however some of its prime responsibilties are
1) To interprept all finacial statements and to update performance and chances in the financial position of the company by means of MIS reports.
3) To guide company about the international accounting standards , if it is a multinational company.
4) To prepare cash flow and provide vital details about its liquidity.
5) Correct assesment of Income Tax , exise duty, etc .
6) Updating company about changes in Government plan and policies in respect to taxation , subsidies and incentives..
5) Helping companies in borrowing loan from Banks and other financial instituitions.
In short Financial anlyst should be in a position to read the pulse of the company by means of its Financial statements.
I have just given my thought, if any one else can provide more details i shall be grateful.
Regards
Pranesh
From India , New Delhi
Following are components of Financial statements.
1) P&L A/c
2) Balance Sheet
3) Cash Flow Statement
4) Footnotes
FSA has broad role to play however some of its prime responsibilties are
1) To interprept all finacial statements and to update performance and chances in the financial position of the company by means of MIS reports.
3) To guide company about the international accounting standards , if it is a multinational company.
4) To prepare cash flow and provide vital details about its liquidity.
5) Correct assesment of Income Tax , exise duty, etc .
6) Updating company about changes in Government plan and policies in respect to taxation , subsidies and incentives..
5) Helping companies in borrowing loan from Banks and other financial instituitions.
In short Financial anlyst should be in a position to read the pulse of the company by means of its Financial statements.
I have just given my thought, if any one else can provide more details i shall be grateful.
Regards
Pranesh
From India , New Delhi
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