Definition
Financial statements are formal records of the financial activities and position of a business, typically including the income statement, balance sheet, and cash flow statement.
Related Services
Accounting, auditing, and financial advisory services help businesses prepare and interpret financial statements for decision-making and compliance.
Problem and Application
Financial statements are necessary for investors and regulators, but incorrect or incomplete statements can lead to misinformed decisions and legal issues.
Conclusion
Financial statements are essential for understanding a company�s financial health and ensuring transparency with stakeholders.
