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Article | IMSEAR | ID: sea-220800

ABSTRACT

Financial statements reect the position of a company in respect of its wealth and protability in its short- term and long-term existence. The company's result in terms of protability is reected in the Prot and Loss statement for a nancial year. The Long term nancial health of the company in terms of its wealth creation will be reected in its Financial Position Statement, termed as a Balance sheet reecting its assets and liability position throughout its existence. Various nancial modelling techniques are used to predict the future of a company. The 3-statement model predicts the company's nancial strength for the future regarding the Balance sheet, prot and Loss Account and Cash ow statement. The study aims to predict the nancial statements for a future period of 5 years based on the company's past performance. The study was based on the nancial performance of Siemens AG for the past ve years, and it attempts to predict the future 5 years of the company under study.

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