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How to analyze balance sheet and cash flow of client
I want to know how we can analyze the balance sheets Profit and loss and the most important CASH FLOW satements of client during the Audit
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The best way to analyze Balance Sheet, P& L and Cash Flow is to compare it with Previous Year figures ( 2 P.Y. figures if possible) and to seek any extra ordinary item or any sharp increase or decrease.
These are really simple observation skills but very important ones!
i want the tricks and important points for Gud analysis of BS and CFS
You can do trend analysis for 3 to 4 years..
If any, abnormal changes ask for the same..
Can you tell me guyz what items are most imp to check
like Sales Debtor cash etc
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