Answer:
Financial reporting is the process of communicating financial accounting information to existing and potential future investors, creditors, lenders, and other internal decision makers.
Step-by-step explanation:
Financial reporting refers to the process of reporting financial statement which include, cash flow statement, income statement and also the balance sheet to users of accounting information which includes potential investors, creditors, suppliers, shareholders, government, internal auditors and even the general public which will help them to make financial decisions as regards investments, taxes, profitability etc.