Seybold Report ISSN: 1533-9211
*J.Suriya , **Dr.J.Jayakrishana and ***Dr.R.Selvamathi
Vol 18, No 6 ( 2023 ) | Licensing: CC 4.0 | Pg no: 98-104 | Published on: 12-06-2023
Abstract
Financial statement is a compilation of financial and accounting data, which is logically and consistently organized according to some general, accepted accounting principles. It purposes is to cover an understanding of financial aspects of a business firm. It may show the financial position at a particular moment of time, as in the case of balance sheet, or may reveal the financial flow over a given period of time, as in the case of income statements are major tools through which an enterprise presents its financial performance and financial condition on the various interested parties like shareholders, creditors, bankers, managers and investors. Majority of firms include extensive financial statements in their annual reports, which reflect the performance of the company over a period of time
Keywords:
Efficiency Analysis, Oil and Gas Industry, Financial Statement