Quick Finance Tip - Articulate Purpose and Context

Part of the Generic Framework of Financial Statement Analysis.

To Articulate the Purpose and Context, it requires sources of information inclusive of:

1. The nature of the function or question;
2. The communication; and  
3. Institutional guidelines.

The outputs of this step includes:

1. Statement of the objective/purpose of the analysis;
2. List of specific questions to be answered;
3. The content of report to be provided;
4. Timetable for completion.