Monday, April 23, 2012

Financial assessment tools

To complement the all text information on making profits and balance sheets (having no visuals to convey these concepts makes them tough to grasp!), here are some savvy financial assessment tools I came across on multiple reliable websites.

The Financial Modeling Guide aggregates them as the "10 Most Innovative Online Financial Analysis Tools for Investors" In addition to providing tools to track financial data and pinpoint investment opportunities, they also enable ways to connect with peer investors and to form an investment idea exchanging network. While there is a charge to use some of these tools, I think it would be a worthwhile expense for our social venture, as long as we still take the responsibility to understand how to accurately conduct financial assessments and how our financial statements can tell a lot more than we think about our social venture - year to year trends, increase or decrease in program expenses, current ratio and days cash on hand, etc.

http://www.financialmodelingguide.com/analytical-tools/innovative-financial-analysis-tools/


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