One of the most essential parts of doing business is making sure that the other part is reliable. From this point of view, financial reliability refers to all the accounting elements of a company that make proof of its capacity to bring value to society while paying back shareholders.
One of the biggest frauds in history was organized by Bernie Madoff in America, Madoff Investment Securities LLC tricked investors into losing $64.8 billion. Why is that no one wondered why a deal is “too good, to be true”? This happens either because people are not properly financially educated, either because they cannot admit being wrong.
Financial reliability reports offer insight into a company’s ability to sustain itself by making profit and paying its debts as well as selling products and services. It is based on the company’s financial statements published on the government page.
It is recommended looking for an auditing report before investing in a specific company to check if the financial information is truly reliable. The information on the government page is not 100% accurate or updated, or the Accounting legislation is poorly implemented.
See Thomas Cook for reference. Thomas Cook Bankruptcy Case Study: What Were The Warning Signs? | S&P Global Market Intelligence (spglobal.com)
Financial reliability reports have led to several advantages regarding partnerships investments. Do you want to know whose business you should invest in or make a partnership? Choose Konnectika reports for a better insight on investments.
Save your money, it is worth it!
