Introducing the Core Framework
Being a complex organism, getting even a reasonable grip on what goes on inside a corporation spanning businesses and geographies simply from its financial statements is indeed a tall order. An analyst or any other interested party who has to make do with publicly available information has to supplement the information in the financial statements with the wealth of qualitative and quantitative information available in the corporation’s annual reports, corporate website, media reports, etc. in order to claim that she has understood the underlying scenario fairly well. However, the financial statements are a starting point, and a very important one at that. They provide the nucleus of the story and unless ...
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