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Essay text:
These reports project how a company can grow and manage company resources more efficiently. These reports are generally prepared for executives or relevant people within a company. Managerial reports are more detailed.
Financial statements are an analysis of the overall financial activities of a company. A balance sheet reports on a company's liabilities, net equity and assets for a specific period. An income statement or profit and loss statement reports on a company's results of operations for a specific period. A cash flow statement is a report on the cash flow activities of a company. Cash flow activities include investing, financing activities and investing...
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