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Historical financial statement. A financial statement (or financial report) is a formal record of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form easy to understand.istorical financial statement. A financial statement (or financial report) is a formal record of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form easy to understand.
This page is designed for the sole purpose of teaching someone how to read financial statements. While intended for those with little or now knowledge of finacial statements, it can be a handy reminder even for the seasoned professional. This page is very long so an outline is provided to help you get the information you desire.