Examlex
Some of the assessments included in preliminary screening of a venture include considering:
Assets
Resources owned or controlled by a business or individual, which are expected to provide future economic benefits.
Expenses
Costs incurred in the operation of a business; these are necessary for the company to generate revenues.
Financial Reports
Documents that provide an overview of a company's financial condition, including balance sheets, income statements, and cash flow statements, among others.
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal indicating that the ledger accounts are properly balanced.
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