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Financial management is the business function concerned with profitability, expenses, cash and credit. ... and report on assets, income, and expenses. [4]
"For smaller companies, financial reporting is a method for generating reports on your business and financial statements that may be required by your bank or state or for tax purposes.
Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form which is easy to understand.
Financial accounting is a branch of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. [1] This involves the preparation of financial statements available for public use.
Annual report, yearly report on a company's activities; Financial reporting, formal record of the financial activities and position of a business, person, or other entity; SEC filings, type of financial statements in the United States
Management accounting focuses on the measurement, analysis and reporting of information for internal use by management to enhance business operations. [ 1 ] [ 6 ] The recording of financial transactions, so that summaries of the financials may be presented in financial reports, is known as bookkeeping , of which double-entry bookkeeping is the ...
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