This document contains notes from the lecture from one of the first lectures of the semester. It is clear to understand and will help build your knowledge of accounting.
Financial Analysts is a specialist person who understands financial
statements and makes predictions about a company.
They also advise investors if they should invest in this company or
not.
Balance sheet aka statement of financial position.
A business gets its money from:
the owners (owners’ equity)
-Share capital = money they put into the business. Called share
capital if more than one owner, called capital if just one owner.
-Reserves – if the owners money got them profit and they decide to
re-invest the money into the business it is called reserves.
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