Financial Reporting includes providing financial information to the various stakeholders regarding the organization's financial results and financial status over a defined period of time. Such stakeholders include-investors, creditors, the public, debt suppliers, government agencies and governments. The duration of the financial reporting is quarterly & annual for listed firms.Financial reporting is usually considered an Accounting end product.Typical elements of financial reporting are:1- Financial Statements – balance sheet, income & loss account, cash flow statement & Report of adjustments in shareholders 'equity, 2. The Notes to Financial Statements. 3- Changes to financial statements Quarterly & Annual reports (for listed companies). 4- Prospectus (for IPO companies) .5- Management Discussion & Review (For public companies)
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