Financial Reports

Financial reports are documents that provide a clear picture of a company's financial health. They include key details about income, expenses, assets, liabilities, and cash flow. The main reports—like the income statement, balance sheet, and cash flow statement—help stakeholders understand how well the company is performing, whether it's profitable, and how resources are managed. These reports guide investment decisions, financing, and managerial strategies, ensuring transparency and informed oversight. Essentially, they serve as a financial report card, summarizing the company's financial activities over a specific period.