Accounting Financial Statements are an essential part of any business. They provide an organized, objective look at a company’s financial health, resources and liabilities. Through this statement, businesses gain insight into their overall economic performance, strengths and weaknesses. Accounting financial statements are also essential for end-of-year reporting to be compliant with various governmental regulations. The results of these analyses can help inform important decisions and strategies for the future success of the organization. Accounting Financial Statements give businesses the data to make smart business moves and ensure that the company is running in a healthy, profitable manner.