Accounting is called the language of business and that’s not bad, because it helps you communicate with financial people and business people. In a family law case, accounting knowledge helps you (or your attorney, CPA or financial expert) ask the right questions to protect your legal rights. Formulating the question so that you get to what you actually need to know is sometimes the hardest part of analyzing financial statements. This following is not for someone who is easily overwhelmed by financials. I will be the first to tell you that it is perfectly fine to get an expert to do this for you. But if you are curious and want to be involved in analyzing financials and deciding how to find the right experts, read on.
The following are FACTORS to consider in analyzing a financial statement or the value and profitability of a company. Continue reading “Financial Statements & Divorce: How to Value a Small Business and Protect Your Rights “