Financial Report

A financial report provides a detailed summary of a company’s financial performance and position over a specific period. It includes key documents like the income statement, balance sheet, and cash flow statement. Financial reports are crucial for investors, creditors, and management to assess a company’s profitability, liquidity, and overall financial health. Regular financial reporting is mandated by regulatory bodies to ensure transparency and accountability.

Example

A quarterly financial report reveals a company’s earnings, expenses, and cash flow, giving shareholders insight into its current financial standing and future prospects.