Financial reporting is the process of tracking, analysing, and reporting your company\'s revenue. This allows you and any investors to make informed judgements about how to run the business.

These reports look at reserve usage and cash mobility to determine the financial health of the company.

Types of financial reports:

Balance Sheet

Statement of change in equity

Profit and Loss Statement

Cash Flow Report

The three primary objectives of financial reporting

Providing information to clients.

Investors want to know how cash is reinvested in the company and how capital is managed effectively. Financial reporting supports investors in deciding if your company is a good investment. Continue reading: https://lowcostaccounts.co.uk/2023/12/27/financial-reporting/