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English definition of “financial statement”

financial statement

noun [C]    
ACCOUNTING a report provided by a company for its shareholders and investors that shows details of its financial situation, and includes documents such as the profit and loss account and balance sheet: prepare/publish a financial statement There are various procedures that must be followed when preparing financial statements.audit/approve a financial statement The interim financial statement was approved by the board of directors at their meeting last week.annual/quarterly/year-end, etc. financial statement The company's annual financial statement reported plans to spend up to $120 million on improvements.
(Definition of financial statement noun from the Cambridge Business English Dictionary © Cambridge University Press)
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