Innovative Approach of Financial Statement Analysis from Bankers' Perspectives - a Case Study

Abstract

Truth has been rare and Gen-Y promoters desire to be billionaires overnight through short term game undermining the fact that 'Truth Alone Wins'. This disbelief has been root cause of insolvency, bank&company failures, corruption, bribery, frauds such as manipulation in accounts, forging letter of credit, documents of properties, banks receipts, invoices etc. and thus become the norms of present day business. The author has, therefore, made an attempt to write on revolutionary and new approach of financial statement analysis through a case study emphasizing that balance sheet and profit&loss account should be analyzed spiritually beyond the figures shown therein to get reflections of corporate governance status being observed in borrowing company.