Financial statements are records that show the budgetary exercises of a business, an individual or some other substance. Money related explanations are intended to exhibit the budgetary data of the element being referred to as plainly and briefly as workable for both the element and for perusers.
For expansive organisations, these announcements might be mind boggling and may incorporate a broad arrangement of commentaries to the money related proclamations and administration exchange and examination. So any other thing that is other than what is described above is not a financial statement