Present the results of operations and the financial position of the company. A financial statement (or a financial report) is a formal record of the financial activities of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form that is easy to understand. It presents the results of operations and the financial position of the company. Four commonly used statements are: Balance sheet, Income Statement, Cash Flow Statement and Statement of retained earnings.
Present the results of operations and the financial position of the company. A financial statement (or a financial report) is a formal record of the financial activities of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form that is easy to understand. It presents the results of operations and the financial position of the company. Four commonly used statements are: Balance sheet, Income Statement, Cash Flow Statement and Statement of retained earnings.