financial report

Meaning

A financial report is a formal document that tracks and presents a company's financial activities and position over a specific period. It typically includes balance sheets, income statements, and cash flow statements. These reports are crucial for investors, stakeholders, and internal management to make informed decisions.

Examples

• The accountant is preparing the quarterly financial report for the board meeting.

  The accountant is preparing the quarterly financial report for the board meeting.

• According to the latest financial report, our revenue increased by twelve percent.

  According to the latest financial report, our revenue increased by twelve percent.

• Investors are closely examining the annual financial report before buying shares.

  Investors are closely examining the annual financial report before buying shares.

• Please review the financial report to ensure all expenditures are accounted for.

  Please review the financial report to ensure all expenditures are accounted for.

• The CEO presented the financial report during the company-wide town hall.

  The CEO presented the financial report during the company-wide town hall.

Common Mistakes

• ✗ I need to check the finance report of this month.

  ✓ I need to check the financial report for this month.

  While finance report is sometimes understood, financial report is the correct and standard formal adjective form.

• ✗ The financial report is saying we lost money.

  ✓ The financial report shows we lost money.

  Reports do not say things in formal English; they show, indicate, or state information.

Related Expressions

Practice

• The CFO asked me to double-check the figures in the ___ before sending it to the bank.

  💡 A formal document showing the company's money situation.

  Show answer

  financial report

• Every public company must publish an annual ___ for its shareholders.

  💡 An official document summarizing a company's yearly financial health.

  Show answer

  financial report