A financial statement is a document that shows the financial performance and position of a business. It typically includes a balance sheet, an income statement, a statement of cash flows, and a statement of shareholders' equity. Financial statements are important for a business because they provide a clear overview of the company's financial health and can be used to make informed decisions about how to manage and grow the business. Financial statements are also used by investors and creditors to assess the risk of investing in or lending to the company.
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A financial statement is a document that shows the financial performance and position of a business. It typically includes a balance sheet, an income statement, a statement of cash flows, and a statement of shareholders' equity. Financial statements are important for a business because they provide a clear overview of the company's financial health and can be used to make informed decisions about how to manage and grow the business. Financial statements are also used by investors and creditors to assess the risk of investing in or lending to the company.