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  1. www.netsuite.com › financial-reportingWhat Is Financial Reporting & Why Is It Important? - NetSuite

    Jun 1, 2022 · Financial statements — standardized summaries of a company's financial profile — are the primary component of financial reporting. Each financial statement has its own focus, so it is most useful for conveying a company's story when grouped together with other statements typically included in a reporting package, such as the quarterly 10-Qs ...

  2. www.investopedia.com › f › financial-statementsFinancial Statements: List of Types and How to Read Them

    Aug 4, 2024 · The three main types of financial statements are the balance sheet, the income statement, and the cash flow statement. These three statements together show the assets and liabilities of a...

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  4. www.cfainstitute.org › en › membershipIntroduction to Financial Statement Analysis - CFA Institute

    The primary purpose of financial reports is to provide information and data about a company’s financial position and performance, including profitability and cash flows.

  5. www.cpacanada.ca › - › mediaUnderstanding Reports on Financial Statements - CPA Canada

    The objective of this Guide is to provide information related to financial statements and the diferent levels of service a CPA can provide with respect to communications on the finan-cial statements (i.e., an audit, a review or a compilation).

  6. www.accountingtools.com › articles › the-four-basicThe four basic financial statements — AccountingTools

    • Income statement. Presents the revenues, expenses, and profits/losses generated during the reporting period. This is usually considered the most important of the financial statements, since it presents the operating results of an entity.
    • Balance sheet. Presents the assets, liabilities, and equity of the entity as of the reporting date. Thus, the information presented is as of a specific point in time.
    • Statement of cash flows. Presents the cash inflows and outflows that occurred during the reporting period. This can provide a useful comparison to the income statement, especially when the amount of profit or loss reported does not reflect the cash flows experienced by the business.
    • Statement of retained earnings. Presents changes in equity during the reporting period. The report format varies, but can include the sale or repurchase of shares, dividend payments, and changes caused by reported profits or losses.

  7. www.tandfonline.com › doi › fullThe objectives of financial reporting: a historical survey ...

    Jun 19, 2013 · The committee gave its characterisation of the boards' position on the primary use of financial statements as follows: ‘The primary use of information in financial reports is for investment decisions (equity and debt); stewardship is mentioned, but almost in passing’.

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  9. www.financestrategists.com › financial-reportingFinancial Reporting | Definition, Qualities, and Importance

    Jun 8, 2023 · Financial reporting is the preparation of Financial Statements that communicate information on an enterprise's economic activities and its financial objectives during a specific period. It provides a range of Cash Flow, performance, and position reports to enable decision-making by investors, creditors, management, and other stakeholders.