A financial statement/annual report is a critical document that provides a detailed summary of a company’s financial activities and performance over a fiscal year. It includes essential components such as the income statement, balance sheet, and cash flow statement, offering stakeholders a clear view of the company’s financial health. The financial statement/annual report is used by investors, creditors, and management to make informed decisions and evaluate the company’s progress. By presenting accurate and transparent data, a well-prepared financial statement/annual report builds trust and supports long-term planning.