+A **Financial Statement** is a formal record presenting the financial activities and position of an entity. These prepared reports provide a clear picture of an organization's financial health, often detailing its [Assets](/wiki/assets) and [Liabilities](/wiki/liabilities) at a specific point in time or over a period.
+## See also
+- [Balance Sheet](/wiki/balance_sheet)
+- [Income Statement](/wiki/income_statement)
+- [Cash Flow](/wiki/cash_flow)
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