an accurate picture of financial health
Most businesses require some type of capital infusion at some point, especially if there are plans for expansion. Securing that capital requires detailed documentation of the company’s financial position.
Do statements of financial position and financial ratios really provide an accurate picture of the financial health of a venture? If the venture is a start-up and there is no financial history, how do funding sources determine the potential for success of the venture?
***THIS ONLY NEEDS TO BE A COUPLE OF PARAGRAPHS AS THIS IS A DISCUSSION POST*****