Explain the limitations of financial statements

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Reference no: EM131324970

Discussion and Roundtable in detail please.

· Analyze the different ways financial statements are used by an entrepreneurial firm.

· Evaluate financial statements to understand liquidity, solvency, and profitability issues related to the entrepreneur.

· Discuss the relevance of dates format and the units of dollar values (000's etc.) at the top of each financial statement (income statement, balance sheet, statement of cash flow).

· Explain the limitations of financial statements.

Reference no: EM131324970

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