What is a financial report?

A financial report is a document that contains financial information about a company or organization. It includes information on the company's income, expenses, assets, and liabilities. Financial reports are used by management to make decisions and by investors to evaluate the company's financial performance. These reports can take many forms, such as balance sheets, income statements, and cash flow statements. Financial reports must be accurate and comply with accounting standards to provide a clear picture of the financial health of the company.

This mind map was published on 14 June 2023 and has been viewed 60 times.