The aim of this study is to present on Financial Statement Analysis and Forecasting. Financial statements are principal means through which financial information is communicated to those outside an enterprise. These statements provides the company’s history quantified in money term. The financial statements most frequently provided – Balance Sheet, Income Statement, Statement of Cash Flows and Statement of Retained Earnings. The financial statement also provides information about the nature and amounts of investments in enterprise resources, obligations to creditors, and the owners’ equity in net resources.