When required? In times of crises, when companies need to ensure liquidity, an objective which requires careful planning and supervision. We examine company’s financial position by studying its financial statements and calculating certain ratios. By examining this, we know where a company stands, how it will perform in the near future, and how we can change and modify it for maximum output. Through financial assessments, we determine the company’s performance and financial position to understand and take appropriate measures by the management.
The financial situation of a company must always be kept in control and the necessary changes should be implemented on time. Using financial assessments, one can know the performance of a company. Depending on that, one can plan, strategize and recommend the changes that need to be made to improve the company’s condition going forward.
