Financial Reporting and Management

Financial reporting involves preparing and presenting a company's financial information, such as income, expenses, assets, and liabilities, to stakeholders like investors and regulators. It provides a clear picture of the company's financial health over specific periods. Management uses these reports to make informed decisions about operations, investments, and strategies. Effective financial management ensures resources are allocated efficiently, costs are controlled, and the company remains financially sustainable. Together, financial reporting and management help stakeholders understand the company’s performance and guide future planning.