A financial report is an extensive document that outlines the financial activities of a business to stakeholders, such as shareholders and creditors. Financial reports serve as a source of reliable information so investors can make informed decisions about the health and future of a company. Financial reports typically cover topics like financial statements, trends in revenue, expense ratios, cash flow, and more. In short, financial reports are a vital tool for any decision-maker seeking to gain a detailed understanding of the company’s financial position.