Analysis of Financial Statements



Analysis of Financial Statements

Introduction

Financial Management emerged as a separate field of study at the beginning of last century, giving special emphasis to the legal aspects of mergers, the formation of new companies and the various types of securities that companies could issue to raise capital. The financial analysis is a technique for assessing the company operating treatment, diagnosis of the current situation and predicts future events and, therefore, is oriented towards achieving defined objectives (Palepu & Healy, 2008). It is also an integral part of new management methods, covering all aspects of business activity and detects the ...