Financial Analysis Chalkboard

Running head: Financial Analysis Chalkboard 1
Financial Analysis Chalkboard

Financial Analysis Chalkboard 2
Table of Contents
Introduction......................................................................................................................................3
A) Income Statement and Balance sheet...................................................................................3
B) Financial Performance..........................................................................................................5
C) Depreciation..........................................................................................................................5
D) Inventory Methods................................................................................................................6
E) Internal Control Mechanisms...............................................................................................6
Conclusion.......................................................................................................................................7
References........................................................................................................................................8

Financial Analysis Chalkboard 3
Introduction
Financial statements are the reports that are prepared by the firm in order to have an in-depth
analysis of the organization. There is enormous number of the users of the financial statements
and the each of them has their needs that are being catered with the help of the reports prepared
by the management of the Chalkboard. These statements determine the quantitative analysis of
the Chalkboard Company (Arya and Nagar, 2018).
A) Income Statement and Balance sheet
Income statement
(For the month ending 31st June 2018)
Particulars Amount
By Revenue 24260.64
Service revenue 300
Total Revenue 24560.64
Cost of Goods Sold 38209.6
Discount on sales 1655.64
Bad Debts expense 15
Depreciation Expense 17656
Insurance Expense 4580
Inventory Loss 1200
Interest Expense 2520