Financial Statement Reports are documents that provide insight into the financial health of a company. These reports contain information such as revenues, expenses, profits, and liabilities. They allow companies to analyze their performance and make informed decisions about investments, capital, and other operations. Companies use these reports to make sure they stay on track and remain profitable, while investors use this information to evaluate companies and decide on which stocks to buy or sell. Financial statement reports also serve an important role in internal management by allowing decision-makers to prepare budgets and allocate resources appropriately.