financial statement

USAGE SUMMARY

"financial statement" is a correct and usable phrase in written English.
It is generally used in business or financial contexts to refer to documents that provide information about a company's financial health. For example, "The auditors have requested a copy of the company's financial statement for review."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

Financial Statement The most important part of your application is a financial statement summarizing assets, liabilities, income and expenses.

The New York Times

The Family Financial Statement (F.F.S).

The New York Times

"I misread the financial statement," he says.

The New York Times - Magazine

"Can they use a financial statement to make a decision?

The New York Times

Palm will report its full financial statement Oct. 1.

The New York Times

"I've yet to receive a financial statement," she said.

The New York Times

The company received 78 percent of overdue debts by April, a company financial statement said.

The New York Times

The next event was Osborne's autumn financial statement, on 3 December.

The Guardian

Mr. Bulger had filed a financial statement saying he could not afford counsel.

The New York Times

The chaebol are required to produce a "combined" financial statement that includes all their affiliates.

The Economist

The primary output of the financial accounting system is the annual financial statement.

Encyclopedia Britannica

Expert writing Tips

Best practice

When analyzing a "financial statement", always cross-reference figures between the income statement, balance sheet, and cash flow statement to get a comprehensive understanding of the company's financial health.

Common error

Avoid focusing solely on one line item in a "financial statement" without considering its context and relationship to other figures. For example, a high net income might be misleading if the company has significantly increased its debt.

Linguistic Context

The phrase "financial statement" functions primarily as a noun phrase. It denotes a formal record that provides a structured overview of a business's financial activities. Ludwig examples highlight its use in summarizing financial data for various purposes.

Expression frequency: Very common

Frequent in

News & Media

38%

Science

33%

Formal & Business

15%

Less common in

Wiki

7%

Encyclopedias

5%

Reference

2%

Ludwig's WRAP-UP

In summary, "financial statement" is a noun phrase referring to a formal record of an entity's financial information. Ludwig AI confirms its correctness and usability in written English, particularly in business and financial contexts. It serves the purpose of informing and ensuring transparency, and it maintains a professional register. It is very common in news, science and business domains. When using this phrase, remember to consider its context and the specific type of financial statement you're referring to for clarity and accuracy.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

statement of financial position

Replaces "financial statement" with a more specific term emphasizing the snapshot of a company's assets, liabilities, and equity at a particular point in time.

income statement

Focuses specifically on a company's financial performance over a period, detailing revenues, expenses, and profit/loss.

cash flow statement

Highlights the movement of cash both into and out of a company over a period, categorized by operating, investing, and financing activities.

balance sheet

Provides a summary of a company's assets, liabilities, and equity at a specific point in time.

profit and loss statement

An alternative name for the income statement, focusing on the profitability of a company.

financial report

A broader term that can encompass various financial documents, including the statements mentioned above.

company accounts

A more general term used to refer to a company's financial records.

annual report

A comprehensive report issued annually by a company, including the financial statements and other relevant information.

audited accounts

Financial statements that have been verified by an independent auditor.

books of account

Refers to the detailed records of a company's financial transactions.

FAQs

What are the key components of a "financial statement"?

A complete "financial statement" typically includes a balance sheet, an income statement, a cash flow statement, and a statement of changes in equity. Each component provides a different perspective on the company's financial performance and position.

What's the difference between an "income statement" and a "balance sheet"?

An "income statement" reports a company's financial performance over a period of time, showing revenues, expenses, and profit or loss. A "balance sheet", on the other hand, provides a snapshot of a company's assets, liabilities, and equity at a specific point in time.

How can I use a "financial statement" to assess a company's financial health?

Analyze key ratios and trends within the "financial statement", such as profitability ratios, liquidity ratios, and solvency ratios, to understand the company's performance, ability to meet short-term obligations, and long-term financial stability.

Where can I find a company's "financial statement"?

Publicly traded companies are required to file their "financial statement" with regulatory agencies like the Securities and Exchange Commission (SEC) in the United States. These filings are typically available on the company's website or through the SEC's EDGAR database.