By: Alyssa Pugh (Security+)
Publication: The Community Banker , Winter 2017
The thought of reviewing a financial statement can be scary. While financial statements have similar elements, they are far from standardized and can be complicated to understand. Here are six tips to help simplify the scope of financial statement reviews.
Obtain Financial Statements
The first and easiest step in conducting a successful financial statement review is obtaining the financial statements.
Publicly Traded Companies are required to submit audited financial statements to the Securities and Exchange Commission (SEC) at least annually. The largest and most complex companies submit even more frequently. Often, these financial statements are published online and can be found with a quick web search. I find that searching “[Company Name] Financial Statements” or “[Company Name] Form 10-K” frequently turns up what I need.