300 WordsAPA formatted ReferenceIn your role as the financial manager, you routinely review your...

Question

300 WordsAPA formatted ReferenceIn your role as the financial manager, you routinely review your firm's 
financial statements and financial ratios to evaluate the financial health of 
your company.

How does one review and analyze financial statements in a for-profit 
company?
How does this compare to how financial statements are analyzed for a 
nonprofit organization?
In your own words, please post a response to the Discussion Board and 
comment on other postings. You will be graded on the quality of your 
postings.
The following grading criteria will apply to this 
assignment:

Grading Criteria

30%

How does one review and 
analyze financial statements in a for-profit company?

50%

How does this compare to how 
financial statements are analyzed for a nonprofit organization?

David · Accepted Answer

As a financial manager, one has the responsibility to review the financial statements of a 
company whether it is a profit making company or nonprofit making company. 
Financial Statement Analysis for a Profit making Company 
For Financial Statement Analysis, financial statements are categorized into three activities 
financing, investing and operating events. When business is started, finance sources are arranged 
and once the sources are arranged business starts investing into the assets to conduct business 
operations. 
Financial Statements are used by the creditors and owner of the business. Financial Statements 
reports the following: profit and loss account which shows the revenue earned and expenses 
incurred by the company. Revenue minus expenses gives the profit made during the year.

Grading Criteria
30%	How does one review and analyze financial statements in a for-profit company?
50%	How does this compare to how financial statements are analyzed for a nonprofit organization?

300 WordsAPA formatted Reference In your role as the financial manager, you routinely review your firm's financial statements and financial ratios to evaluate the financial health of your company. How...

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