Financial Statement

Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes. They include the balance sheet, income statement, and cash flow statement. Financial statements are important because they can be used to determine the financial health of a company, enable managers to make informed business decisions, provide important information to investors and creditors, and comply with regulatory requirements.