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Balance sheets have nothing to do with goals. They show the financial state of the company. Including liabilities. Business plans are vague, balance sheets are
by doctor_eval 5y ago
Balance sheets have nothing to do with goals. They show the financial state of the company. Including liabilities.
Business plans are vague, balance sheets are very concrete.
- rmbyrro 5y agoIt's true that Cash Flow and Income Statement is used more often to assess financial goal achievement, but I don't think we can discard Balance Sheets. In my interpretation, "Balance Sheet" is being loosely used in this context for Financial Statements in general.