This seminar focused on the financial statements, their analysis and their relationship to decision-making Financial statements are the final outputs for applying the accounting cycle which supply with creditable, relevant, and timely financial information to take rational economic decision. The object of a firm is to get profit. It is something of vital importance to all firms. The profit made by a firm is the difference between the total revenues earned and the total expenses incurred during a particular period of time. The owner is also interested to know their financial position. The preparation of Trading and Profit and Loss Account and Balance Sheet is known as the preparation of final accounts.