Financial Statements
Financial statements are reports generated by a company's accounting system that provide information about the company's financial performance and position. The three main financial statements are the balance sheet, income statement, and cash flow statement. The balance sheet provides a snapshot of the company's assets, liabilities, and equity at a specific point in time. The income statement shows the company's revenues, expenses, and net income over a period of time. The cash flow statement reports the company's cash inflows and outflows during a period of time. Financial statements are important for investors, creditors, and other stakeholders to evaluate a company's financial health and make informed decisions.
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