Financial reporting for business is essential for assessing an organization’s performance, financial position and financial health. It provides the means by which businesses report information about their past actions and current standing to the shareholders, regulatory bodies, lenders and other stakeholders. Financial reporting for business involves disclosing all finances of a company in order to provide accurate information regarding operations and fiscal results. This includes collecting, analyzing and reporting financial data from various sources. Through consistent financial reporting, companies can provide investors, creditors and government agencies with reliable evidence of their financial condition and comply with statutory requirements.