Financial Statements

What are financial statements?

Financial Statements Definition: Financial statements, also known are financial reports, refer to documents that provide a summary or details of transactional activities for a business, organization, or individual. These reports are often prepared by an accounting professional and reviewed by management to determine any areas of concern.

The most common financial statements that provide details of a company’s operations include a balance sheet, income statement, cash flow statement, and a statement with any changes to the company and its operations. These financial statements offer the tools needed for a more in-depth analysis of a company’s position for investors and management. Additional notes and attachments may be included to explain certain line items on each financial statement.

Jul 30 - Comparewise Business Loan Banner

Other business terms:

Business Loan Help Center

How to Start a Business in Canada
What Is A Merchant Cash Advance?
Business Expansion 101: How To Grow Your Business
How to Bring a Small Business Online
Neo Financial
Tangerine Money-Back Credit Card
National Bank Platinum Mastercard
National Bank World Mastercard
Loop Corporate Card


Didn’t find the information you were looking for?

Send us your questions and we will get back to you.

Car loan?
Personal Loan?

Top deals await you just a short
application away!