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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
Replies (4)
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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