Financial Statement: A Tool for Evaluating Performance and Investment Decision of Companies

Financial Statement – Recent researchers have been shown that one of the main causes of indigenous business failure in this country is failure to maintain proper financial records.  Many business have been operated with merely a single entry memorandum record of transactions and others with no records whatever, except possible cheque stubs.  As a result, business decisions are based on guesses and intuition. Ola (1985). [Read more…]