While many of us may find earnings reports daunting, taking charge of your investments is the first step towards building a strong, self-sustaining portfolio.

Granted, not all of us are trained in accounting or finance, but you do not need to be an expert in either in order to understand the basics of an earnings report.

What it does take, however, is time and commitment on your part to understand what happened and to dig deeper if need be.

Today, I will be presenting a simple guide on the key aspects to watch out for when reviewing earnings reports.

Remember that for most companies in Singapore, there is a requirement to report earnings on a quarterly basis. That would mean that an investor will get a report card on how his investments are doing once every three months.

An earnings report will have three main types of financial statements: