Financial Reporting

Communicating a financial is known as Financial reporting. Financial reports used in Financial reporting are records that disclose financial information about a company’s activities and current status of business. The major components in Financial reporting are the Balance Sheet, Statement of Profit & Loss, Cash Flow Statement & Notes and Schedules.

Financial statements are written records that illustrate the business activities and the financial performance of a company. In most cases, they are audited to ensure accuracy for tax, financing, or investing purposes. A methodical workthrough of the three financial statements in order to assess the Financial health of a company.

A methodically work through of the three financial statements in order to assess the Financial health of a company.