Financial Statements

Financial Statements are crucial documents that provide an overview of an organization’s financial performance and position. They typically include the balance sheet, income statement, and cash flow statement, offering stakeholders essential insights into profitability, liquidity, and financial stability. These statements are not only important for internal management but also serve external parties such as investors, creditors, and regulatory agencies. Understanding financial statements is vital for informed decision-making and strategic planning, making them a fundamental aspect of financial literacy for individuals and businesses alike.