Financial Analyst Report Furman Glass
Prof. Arlene Goodman
ACCT614-1302A-06
Colorado Technical University
April 15, 2013

Abstract

Financial Analyst Report The associates of a corporation’s board of directors and executive management team are liable for establishing the policy, procedures and are eventually accountable to stockholders for the financial well-being of the corporation. Too successfully conduct their responsibilities, panel associates must have appropriate data in the structure of financial statements or narrates that afford a complete summary of the corporation’s financial position. The fundamental material associates of a board of directors and executive management team members require to make a comprehensive decision on the operating future and standing of the Corporation are located in four essential financial statements. These statements are the balance sheet, income statement, cash flow statement and the statement of shareholders’ equity. Annual accounts of all must be encompassed in the corporation’s yearly statement (Gillett, (n.d.)). Provisional reports of the financial statements are likewise beneficial to a board of directors and executive management team and they are produced typically on a quarterly agenda. Obviously, the board associates will utilize these various statements and other financial accounts to reach a comprehensive decision. Nonetheless, the four essential financial reports afford the summarizing material essential to position additional statements in perspective. Now that we discussed why the board would need the four basic financial statements for decision-making an example of these four basic statements are as follows:
Balance Sheet A balance sheet is frequently acknowledged as a description of a corporation’s existing financial circumstance. The organization of the statement has been