Financial Statements Analysis. Annual Reports and Financial Statements as the basic sources of financial analysis

Horizontal analysis is a line–by-line comparison of financial information over a series of reporting periods;
Vertical analysis - the proportional analysis of a financial statement, where each line item on a financial statement is considered as a percentage of the total amount;
Trend analysis - analysis of changes of every items of financial statements over a series of reporting periods;
Ratio analysis- analysis of the financial ratios system