Financial Reporting
Financial reporting is the process of preparing and presenting a company's financial results and performance to stakeholders, including investors, management, and regulatory authorities. This comprehensive disclosure involves creating financial statements such as balance sheets, income statements, and cash flow statements, as well as accompanying notes and disclosures. Financial reporting ensures transparency, accountability, and compliance with accounting standards and regulations. It enables stakeholders to assess the financial health of the company and make informed decisions based on its financial position and results.
