What are financial statements? What's the important role?

What are financial statements? What's the important role? Financial statement is the main part of financial report, which plays a very important role in providing accounting information for enterprises. Today, Bian Xiao takes you to understand the following financial statements and their functions. For more details, please click:/zhongji/zhongji/1260737.html.

I. What are financial statements?

Financial statements are accounting statements that reflect the capital and profits of enterprises or budget units in a certain period. The types, formats and reporting requirements of China's financial statements are stipulated by a unified accounting system, requiring enterprises to prepare reports regularly. At the end of the reporting period, state-owned industrial enterprises shall prepare income statements such as capital balance statement, special fund and special appropriation statement, capital construction loan and special loan statement, and income statements such as income statements and products. Sales income statement; State-owned commercial enterprises shall submit a balance sheet of funds, a statement of operating conditions and a statement of special funds.

Financial statements include balance sheet, income statement, cash flow statement or statement of changes in financial position, schedules and notes. Financial statements are the main part of financial reports, excluding directors' reports, management analysis and financial statements, which are included in financial reports or annual reports.

Second, what is the important role of financial statements?

1, which is helpful for the national economic management department to understand the operation of the national economy. By summarizing and analyzing the data of financial statements provided by various units, we can understand and master the economic development of various industries and regions, so as to macro-control economic operation, optimize resource allocation and ensure the stable and sustainable development of the national economy.

2, is conducive to meet the financial, taxation, industry and commerce, auditing and other departments of enterprise management supervision. Through the financial statements, we can check and supervise whether the enterprise abides by the laws, regulations and systems of the state and whether there is tax evasion.

3. It is beneficial for investors, creditors and other stakeholders to master the financial status, operating results and cash flow of the enterprise, and then analyze the profitability, solvency, investment income and development prospects of the enterprise, and provide decision-making basis for enterprise investment, loan and trade.

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