Financial Document
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A Financial Document is a fact-focused document that outlines financial information and financial transactions.
- AKA: Financial Report.
- Context:
- It can (typically) include Balance Sheets, Income Statements, and Cash Flow Statements.
- It can (often) be used by Businesses to report financial performance to stakeholders.
- It can range from being a simple Invoice to being a detailed Annual Report.
- It can help track and manage financial transactions and records.
- It can be required by Regulatory Bodies for compliance and auditing purposes.
- It can provide insights into an entity's Financial Health and Financial Performance.
- It can be utilized to prepare Tax Returns and other financial filings.
- It can serve as evidence in Legal Disputes and Financial Disputes.
- ...
- Example(s):
- Financial Statements, such as:
- A Balance Sheet Statement that provides a snapshot of a company's financial position at a specific point in time.
- An Income Statement that details the revenues and expenses over a reporting period.
- A Cash Flow Statement that shows the inflows and outflows of cash within a business.
- Project Financial Documents, such as a Schedule Of Values (SOV) that outlines the breakdown of the contract price into individual work elements.
- Transactional Financial Documents, such as:
- An Invoice issued by a vendor detailing the goods or services provided and the amount due.
- A Purchase Order documenting the intent to buy goods or services from a supplier.
- Periodic Financial Reports, such as:
- An Annual Report that comprehensively summarizes a company’s financial performance.
- A Budget Report forecasting future income and expenses.
- Financial Account Statements, such as a Bank Statement showing all transactions in an account over a specified period.
- ...
- Financial Statements, such as:
- Counter-Example(s):
- Product Marketing Document, which contains subjective material and no financial information.
- Informal Meeting Notes, which are casual and not meant for formal financial tracking or reporting.
- See: Balance Sheet, Income Statement, Cash Flow Statement, Invoice, Annual Report