Financial management reporting is the process of collecting, organizing, summarizing, and disseminating financial information to provide an accurate and reliable picture of a company’s financial health. It entails everything from analyzing and evaluating balance sheets, income statements and cash flow statements, to creating detailed forecasts and budgeting plans. Ultimately, it helps organizations understand how they’re making and spending money, and provides a framework for decision-making. Financial management reporting ensures that organizations have the right data to make informed decisions and remain profitable.