Analyzing Financial Reports

ANALYZING FINANCIAL REPORTS

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Analyzing Financial Reports

An analysis of the reports pertaining to the financial status of a firm happens to be a very important practice for any profit making institution (Chen, Weikart & Williams, 2014). It is in this analysis that potential investors determine the viability of a firm in terms of its likelihood to bear profits once an investment is made. Moreover, taxation on a firm is done by the help of the conclusions drawn from this report (Senge, 2014). Nonetheless, this discussion intends to look at three sites which would help a firm prepare such reports.

To begin with, http://www.accountingtools.com/financial-statement-analysis is one of the websites that greatly assist in this business process. In this site, a strong foundation of the analysis report is made by use of a theoretical approach. The tools for financial analysis are incorporated in the methods used for the same which include both the Horizontal and Vertical methodologies.

Secondly, there is the http://pakaccountants.com/ which has proved very significant to the financial analysis world. Despite the normal theories that many finance analysis websites provide, this website has an additional aspect which entails providing many tools that would assist in the methods of analyzing financial reports. Such tools include Accounting tools, Microsoft Excel tools, and QuickBooks’ tools as well

Lastly, there is the http://www.calculatorweb.com/ which is an online calculator for computing a balance sheet as part of financial report analysis. In essence, this website is an actual tool by itself in the sense that the calculations it does on the various aspects of financial analysis are the exact proof. In addition to that, this website has links which aid in computations of other aspects of analyzing financial statements critical to the ultimate report required.

References

Chen, G. G., Weikart, L. A., & Williams, D. W....