International Journal of Social Science & Economic Research
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Title:
A CRITICAL ANALYSIS ON THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION

Authors:
Tisha Manchanda

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Tisha Manchanda
Ramanujan College, University of Delhi

MLA 8
Manchanda, Tisha. "A CRITICAL ANALYSIS ON THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION." Int. j. of Social Science and Economic Research, vol. 6, no. 8, Aug. 2021, pp. 2759-2764, doi.org/10.46609/IJSSER.2021.v06i08.013. Accessed Aug. 2021.
APA 6
Manchanda, T. (2021, August). A CRITICAL ANALYSIS ON THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION. Int. j. of Social Science and Economic Research, 6(8), 2759-2764. Retrieved from https://doi.org/10.46609/IJSSER.2021.v06i08.013 Retrieved from https://doi.org/10.46609/IJSSER.2021.v06i08.012
Chicago
Manchanda, Tisha. "A CRITICAL ANALYSIS ON THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION." Int. j. of Social Science and Economic Research 6, no. 8 (August 2021), 2759-2764. Accessed August, 2021. https://doi.org/10.46609/IJSSER.2021.v06i08.013.

References

[1]. Al-Nasser, N. M. (2014). The Impact of Financial Analysis in Maximizing the Firm's Value "A Case Study on The Jordanian Industrial Companies". International Journal of Managerial Studies and Research (IJMSR), 2(6), 1-9.
[2]. Hasanaj, P., &Kuqi, B. (2019). Analysis of financial statements. Humanities and Social Science Research, 2(2), p17-p17.
[3]. Osadchy, E. A., Akhmetshin, E. M., Amirova, E. F., Bochkareva, T. N., Gazizyanova, Y., &Yumashev, A. V. (2018). Financial statements of a company as an information base for decision-making in a transforming economy.
[4]. SZYDE?KO, A., & BIADACZ, R. (2016). THE ROLE OF FINANCIAL STATEMENTS IN PERFORMANCE MANAGEMENT. Modern Management Review. DOI: 10.7862/rz.2016.mmr.55

Abstract:
The purpose of this research paper is to determine the use of financial statements as a final product of financial accounting and all the financial data available in analyzing and evaluating the performance of an organization to different stakeholders. The financial statements of an organization are examined internally by the management of the organization to study and improve its operations internally and externally by investors and creditors to make investment decisions. Income statement, Balance sheet, Cash flow statement and financial ratios are included in financial statements of an organization. Financial statement analysis can be used to determine an organization's liquidity position, long-term solvency, financial viability, and profitability. Therefore, this research paper explains in detail why financial statements are important and their uses for an organization.

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