Financial Report State of Indiana Form

Instructions and help about Financial Report State Of Indiana

Financial reporting is the process of documenting and communicating financial activities and performance to internal leaders and external stakeholders in order to provide a clear picture of the company’s financial health over a specified period of time–typically, quarterly or yearly. It also lets government and private regulatory institutions monitor the business to ensure fair trade, compensation and financial activities. In the United States, only private companies with over $10 million in assets and more than 500 shareholders are required to file financial reports with the SEC, but most businesses create them to organize accounting data and understand the financial health of the business. Not to mention, in order to receive funding–whether from a bank, an investor or another source–private companies need to provide financial reports to these stakeholders. Financial reporting typically includes: The balance sheet, which provides a snapshot of the business’ overall health—