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Statement of cash flows financial statements is prepared as of a particular point in time rather than for a period of time.
Financial statements are written records that outline a company's operations as well as its financial success. Government organisations, accounting firms, and other entities frequently audit financial statements to assure their accuracy and for reasons related to taxes, financing, or investment. Financial statements are official records of a company, an individual, or another entity's financial transactions and standing. The presentation of pertinent financial data is organised and presented in an understandable style. The balance sheet, income statement, cash flow statement, and statement of changes in equity are the four basic financial statements used by for-profit organisations. Nonprofit organisations employ a comparable but distinct set of financial statements.
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