Learn more about common financial (and startup) terms here. To learn more about Pilot, fill out the form below.
Financial reporting involves the disclosure of financial information to the various stakeholders about the financial performance and financial position of the organization over a specific period. This information is presented in the form of financial statements.
The goal of financial reporting is to provide information that is useful in making economic decisions. It helps investors, creditors, and others assess the company's performance, financial position, and changes in financial position. The standards for financial reporting are set by regulatory bodies like the FASB or IASB.
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