Financial Statement
/ˈfaɪnænʃəl ˈsteɪtmənt/
Definitions
- (n.) A formal record of a company's financial activities, including balance sheets, income statements, and cash flow statements, used to assess its financial position.
The auditor reviewed the company's financial statement to verify its compliance with accounting standards.
Forms
- financial statements
Related terms
See also
Commentary
Financial statements are essential for legal and regulatory compliance and support financial disclosures in corporate governance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.