Every company has employees who analyze its financial data andenhance its decision support process by providing their insights andanalyses to management. In some companies the CFO, controller, oraccounting staff performs this function in addition to their regularresponsibilities. In other companies the process is more formal, withfinancial analysts, cost accountants, and even whole departmentsdedicated to this function. No matter which way it's done,effective financial analysis is really more a way of thinking than aseries of steps or processes.
Financial professionals who are effective at financial analysis can add value to their companies and excel in their careers. Good analyst