Almost everyone needs to have a basic understanding of financial statements. Even if you have accountants to assist you, it is important that you too can read the main financial statements like the balance sheet and income statement. Even if you have no accounting background, it is possible to understand the fundamentals with just a little effort.
To give you a brief introduction to the subject, here are some of the important things you should learn and why they are very useful to know:
Edgar Navarro Picache, CPA is a financial executive with 20+ years of practical experience in a variety of leadership positions in public accounting and private industry.
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