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Operation Springboard Section Policy: Effective Date: Replaces:Finance Policy ManualFinance FP 2.09 Supply Chain Code of Ethics January 1, 2012, approved by Board on 23Dec11 n/a1 1.01POLICY All Springboard
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Financial statements are formal records of the financial activities and position of a business, person, or other entity.
Businesses, organizations, and individuals may be required to file financial statements based on governmental regulations or reporting requirements.
Financial statements are typically prepared by accountants using the information from a business's accounting records.
The purpose of financial statements is to provide information about the financial performance, position, and cash flows of an entity, which can be useful for decision-making by stakeholders.
Financial statements typically include a balance sheet, income statement, cash flow statement, and statement of changes in equity, which provide detailed information about a business's financial activities.
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