Difference between revisions of "Financial report"
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A [[financial report]] (alternatively known as [[financial statement]]; hereinafter, the ''Report'') is any report that is produced by a [[legal entity]] in order to reflect its [[financial data]] and standing. Some of the ''Reports'' are produced by a [[Certified Public Accountant]] at the end of the financial year based on all the [[financial data]] entered to the bookkeeping system by the [[bookkeeper]]. These reports indicate how well the business is or is not doing, what the business is worth, and are used to calculate income tax due to be paid to the government. | A [[financial report]] (alternatively known as [[financial statement]]; hereinafter, the ''Report'') is any report that is produced by a [[legal entity]] in order to reflect its [[financial data]] and standing. Some of the ''Reports'' are produced by a [[Certified Public Accountant]] at the end of the financial year based on all the [[financial data]] entered to the bookkeeping system by the [[bookkeeper]]. These reports indicate how well the business is or is not doing, what the business is worth, and are used to calculate income tax due to be paid to the government. | ||
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| + | ==Related concepts== | ||
| + | *[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws. | ||
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| + | ==Related coursework== | ||
| + | *[[Bookkeeping Quarter]]. | ||
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| + | [[Category: Septem Artes Administrativi]][[Category: Articles]] | ||
Revision as of 04:11, 18 December 2018
A financial report (alternatively known as financial statement; hereinafter, the Report) is any report that is produced by a legal entity in order to reflect its financial data and standing. Some of the Reports are produced by a Certified Public Accountant at the end of the financial year based on all the financial data entered to the bookkeeping system by the bookkeeper. These reports indicate how well the business is or is not doing, what the business is worth, and are used to calculate income tax due to be paid to the government.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
