As we start the year 2023, most people have a positive outlook to what it brings. However, we cannot look forward whilst completely ignoring our past. Having knowledge of the past allows one to understand where they are coming from, where we are in the present and how we can create a better future. This is essentially important in business as past performance influences decisions made on shaping future performance. One tool which business personnel use are the Annual Financial Statements which detail how the entity performed financially, how much it was worth at reporting date, the value it created for its shareholders as well as how it managed its cash resources. Most entities in Zimbabwe have a 31 December or 31 March financial year end, thus are busy preparing these reports now. But what exactly should we be expecting from these reports?Read more2022 Financial Reports what to expect
