financial statement
A "financial statement" is a crucial document used to convey an entity's financial activities and status, aiding stakeholders in decision-making.
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Definition
C1Business
(formal, technical)A formal record detailing the financial activities and position of a business or entity.
Example
- The company's financial statement revealed a significant increase in profits this quarter.
C1Accounting
(technical, academic)A document summarizing a company's financial transactions over a specific period, including a balance sheet, income statement, and cash flow statement.
Example
- Accountants prepare financial statements at the end of each fiscal year.
Similar
Terms that have similar or relatively close meanings to "financial statement":