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6 5, 2017 financial performance of the organization the preparation of financial statements at periodic interval helps in talking timely corrective action and developing appropriate strategies. 7)
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Financial performance refers to the financial results and outcomes of an individual, company, or organization.
Companies and organizations are required to file financial performance reports to regulatory authorities.
Financial performance reports can be filled out by providing accurate and detailed financial data such as revenue, expenses, and profitability.
The purpose of financial performance reports is to assess the financial health and stability of an entity and to provide transparency to stakeholders.
Information such as revenue, expenses, profits, losses, assets, liabilities, and cash flow must be reported on financial performance reports.
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