BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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financial plan
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financial forecast
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budget
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financial statements
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Detailed explanation-1: -A business plan is a fundamental document that any new business should have in place prior to beginning operations. Indeed, banks and venture capital firms often require a viable business plan before considering whether they’ll provide capital to new businesses.
Detailed explanation-2: -The five key documents include profit and loss statements, balance sheets, cash-flow statements, tax returns and aging reports.
Detailed explanation-3: -DOCUMENTS USED IN FINANCIAL ANALYSIS. The three main sources of data for financial analysis are a company’s balance sheet, income statement, and cash flow statement.
Detailed explanation-4: -The income statement, balance sheet, and statement of cash flows are required financial statements. These three statements are informative tools that traders can use to analyze a company’s financial strength and provide a quick picture of a company’s financial health and underlying value.