| Lexeme: |
financial reporting
Very Rare (0.01)
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| Definition: |
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noun. Financial reporting refers to the process of preparing and presenting financial information about a company's performance and financial position to various stakeholders, including shareholders, investors, creditors, and regulatory authorities. It involves the collection, analysis, and communication of financial data through financial statements, such as the balance sheet, income statement, cash flow statement, and statement of changes in equity. Financial reporting is governed by generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS), and it plays a crucial role in facilitating transparency and decision-making within an organization. GPT3.5
Word Forms:
- noun.
financial report (singular),
financial reports (plural)
- verb.
financial report (simple present),
financial reported (simple past),
financial reporting (present continuous),
financial reports (third person singular)
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