---
esco_uri: http://data.europa.eu/esco/skill/5f1d1319-7954-4a9b-90c7-57668e3a0d4b
esco_label: "interpret financial statements"
relation: essential
onet_soc: 13-2052.00
source: model-knowledge
confidence: high
qa_count: 0
generator: gemma3:27b (prompt-designed and spot-checked by Claude)
generated: 2026-07-10
---

# interpret financial statements — Financial Advisor

As a Financial Advisor, 'interpreting financial statements' isn’t about *creating* them – it’s about rapidly understanding a client’s complete financial picture beyond just what they tell you. Daily, this means reviewing tax returns (1040 schedules are gold!), brokerage/retirement account statements, and potentially business financials if the client is self-employed or owns a company. You're looking for trends in income, expenses, asset allocation, debt levels, and cash flow – things that reveal risk tolerance, financial habits, and capacity to save/invest. Tools include spreadsheet software (Excel is king), portfolio analysis platforms that integrate with statement data, and increasingly, client portals offering aggregated views.

## Weitere Anreicherung

Stage-2 source for future practitioner grounding: EconStor (open-access economics/finance literature).
