A financial report is a written document reflecting the financial position and operating results of an enterprise, including a balance sheet, an income statement, a cash flow statement, a statement of changes in owners' equity (which is required to be disclosed in the annual report under the new accounting standards), a schedule, notes to accounting statements and a financial statement. General international or regional accounting standards have special independent financial reporting standards. "Financial report" is a common term in the world, but the term "financial accounting report" is used in the current relevant laws and administrative regulations in China.