Essay on Financial Performance of the Company Position
Finance is regarded as the lifeblood of a business enterprise. the subject management is of immense interest to every financial analyzer. It needs special attention because of complexities involves to managing cash to present day industrial function.
A main aspect is the estimation of how mush of finance need for a business organization requires and too what repose.
“Business finance is that business activity which is concerned with the acquisition and conversation of capital funds in meeting financial needs and overall objectives of a business enterprise”.
The activity of the finance can defined as planning, raising, controlling and administering of funds in the business.
The important thing in an organizations …show more content…
The basis purpose of preparing financial statement is to convey to owners, creditors and general public about financial position of the enterprise. They are used as basis for decision by all those interested in the enterprise and the management may review the company progress to data and decide upon the course of action to be taken in future on the basis of information contained in the financial statement.
Concept of financial statement analysis:
Financial analysis is the process of determining financial strengths and weakness of the company by establishing strategic relationship between the components of balance sheet and profit and losses statements and other operative data.
It reflects a combination of recorded facts, accounting principles, and personal judgments. t is used for a periodical review about the status of investment, results to be achieved and to convey the information.
1.2. INDUSTRY PROFILE
India Banking History: Until the 1950’s, banking in India was carried on by a large of banks, many of them quite small. India is still primarily an agricultural country, with an economic and social structure based largely on village. The