IA What is Financial Report

Today’s Presentation

What is financial report

• A formal records of business transaction in order to have an overview of the companies profitability and finical condition in both short-term and long –term .
• component of financial report
• objective of financial report
• Parties Interested In Financial report
• Financial reporting

A financial statement that measures a company's financial performance over a specific accounting period. Financial performance is assessed by giving a summary of how the business incurs its revenues and expenses through both operating and non-operating activities. It also shows the net profit or loss incurred over a specific accounting period, typically over a fiscal quarter or year

Summarizes the revenues earned & expenses incurred by a business .over an accounting period

It shows whether the business achieved . its Profitability Goal

Conclusion

A company’s financial statements provide various financial information that investors and creditors use to evaluate a company’s financial performance. Financial statements are also important to a company’s managers because by publishing financial statements, management can communicate with interested outside parties about its accomplishment running the company. Different financial statements focus on different areas of financial performances.