Question

When preparing the financial analysis for a business plan, the required statements and schedules will depend on the:

Answer 1

Complete Question:

When preparing the financial analysis for a business plan, the required statements and schedules will depend on the:

Group of answer choices

A. size of the particular project.

B. plan's presentation procedure that is expected in your own organization.

C. project's complexity.

D. All of these are correct.

Answer:

D. All of these are correct.

Explanation:

Financial analysis can be defined as the process of analyzing the stability, profitability, accuracy and viability of a business entity through its financial statements.

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.

Hence, when preparing the financial analysis for a business plan, the required statements and schedules will depend on the following;

A. size of the particular project.

B. plan's presentation procedure that is expected in your own organization.

C. project's complexity.