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Financial Report

A financial report is a formal document that details the different aspects of the economic status of a business or institution. A financial report may also refer to personal financial statement of an individual. A financial report can be used for varied purposes such as applying for loans or consolidating business strategies, and it can provide an overview of the entire financial status of an organisation.

A financial report can be classified into one of the four basic types of financial statements, namely, balance sheet, income statement, statement of retained earnings and statement of cash flows. These different types of financial report provide snapshots of various aspects of a business. Although these different types of financial report are meant to be simplified, they tend to become complex as the business grows. Explanatory notes are sometimes added to a financial report to make it more comprehensible.

A balance sheet is a type of financial report that provides information on the financial status of a company in terms of assets, liabilities and ownership of equity within a given period of time. Income statement is another type of financial report that is otherwise known as profit and loss statement. It provides information about a company’s income, profits and expenses.

A similar financial report is the statement of retained earnings, which provides details about the retained earnings of a company over certain period of time. The statement of cash flows, on the other hand, is a type of financial report that details the cash flows particularly in the areas of operations, investments and financing activities.

Whatever type of financial report you need, can help you find competent accountants and accounting firms. Here at, you can find comprehensive directory listings of professional accountants and accounting firms offering financial report services.


Financial Report Articles

Export deal cut drives GM loss

GM HOLDEN has posted a $210.6 million loss for calendar 2009 — the fifth run of red ink at the Red Lion in as many years and the largest in recent years.

Roos need 40,000 members

NORTH Melbourne chairman James Brayshaw says the Kangaroos will be financially "bulletproof" if they can attract 40,000 members within four years.

Mayo Clinic adds its weight to class action lawsuit of CSL

THE Mayo Clinic, one of the most prestigious and well-funded hospitals in the US, has joined a multi-million-dollar class action lawsuit against the Australian blood plasma group CSL, claiming it was part of a damaging international cartel that fixed plasma prices.


UNION ANGER Postal strike threatened AUSTRALIA Post faces more industrial strife with the postal union accusing the company of "dodging" talks over an agreement. It comes as Australia Post fronts a Senate inquiry in Melbourne today into how it handles injured employees amid claims that company-paid doctors are sending workers back too early.

PwC could be added to claim in Centro case

LAWYERS for Centro's shareholders will this morning seek to add auditing firm PricewaterhouseCoopers to their claim against the wounded property group.