Financial Reporting - Meaning, Objectives, What Constitutes Financial Reporting?

In this video on Financial Reporting, here we discuss the definition of financial reporting along with its objectives.

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠?
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Financial reporting is the communication of the organization's significant financial data & other activities to different stakeholders to help them at any stage in time get the concept of the organization's real economic situation.

𝐎𝐛𝐣𝐞𝐜𝐭𝐢𝐯𝐞𝐬 𝐨𝐟 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠
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#1 - Financial reporting provides investors, creditors, bankers, public, regulatory authorities and government with economic data about the company.

#2 - Financial reporting helps customers keep informed about the firm's status, thereby building levels of trust.

#3 - Financial reporting provides data on how the business uses different resources at its disposal.

𝐖𝐡𝐚𝐭 𝐂𝐨𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐞𝐬 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠?
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#1 - Financial Statements
#2 - Director’s Report
#3 - Management Discussion and Reporting
#4 - Capital Structure
#5 - Notes to Accounts
#6 - Auditors Report
#7 - Corporate Governance Report
#8 - Prospectus
#9 - Earnings Call

To know more about the 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠, you can go to this 𝐥𝐢𝐧𝐤 :- https://www.wallstreetmojo.com/financ...

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