financial statements vs financial statement

Both 'financial statements' and 'financial statement' are correct, but they are used in different contexts. 'Financial statements' is the plural form and refers to a set of documents that provide information about a company's financial performance, while 'financial statement' is the singular form and refers to a single document within that set.

Last updated: March 17, 2024 • 866 views

This phrase is correct and commonly used in English.

"financial statements"

Use 'financial statements' when referring to a collection of documents that provide information about a company's financial performance.

Examples:

The company's financial statements show a positive trend in revenue.
Analyzing financial statements is crucial for understanding a company's financial health.

Show examples from the web [+]

Financial statements are intended to be understandable by readers who have "a reasonable knowledge of business and economic activities and accounting and who are willing to study the information diligently." Financial statements may be ...
Definition: Financial statements are a collection of reports about an organization's financial results, financial condition, and ... These frameworks allow for some leeway in how financial statements can be structured, so statements issued by ...
Feb 18, 2015 ... Consolidated Financial Statements of the Nestlé Group 2014. 56. Principal exchange rates. Consolidated income statement for the year ended 31 December 2014. Consolidated statement of comprehensive income for the ...
Financial statements are meant to present the financial information of the entity in question as clearly and concisely as possible for both the entity and for readers. Financial statements for businesses usually include: income statements, ...

Alternatives:

financial reports
financial documentation
financial records
financial accounts
financial summaries

This phrase is correct and commonly used in English.

"financial statement"

Use 'financial statement' when referring to a single document within the set of financial statements that provides information about a company's financial performance.

Examples:

The financial statement for the last quarter shows a decrease in profits.
Please review the financial statement before making any investment decisions.

Show examples from the web [+]

7 paragraph 2, must be reported in the financial statement in separate accounts.
The exception in paragraph 48 does not pertain to financial statement presentation.
The financial statement attached to the proposal is therefore of a purely illustrative character.
No justification for this reduction in cofinancing appears in the financial statement.
The Communication updated the initial financial statement adopted in 2003.
Furthermore, no complete and clear financial statement has been provided by the Commission.
The financial statement indicates a stable proportion of savings per sector.
A provisional financial statement proposed an establishment plan of 32 staff.
CCPs shall use the most recent audited information from their annual financial statement.
The Commission will transmit the financial statement to Parliament and the Council.
And under Rule 50 a financial statement is also required.
This proposal does not include a financial statement.
Evaluation of the financial statement relating to the European Commission's proposal.
An entity shall clearly identify each financial statement and the notes.
Action envisaged and budget intervention arrangements The budgetary impact is estimated in the accompanying financial statement.
Business Performance Indicators from financial statement data.
The consolidated financial statement only represents ownership rights of the controlling shareholders.
Fair financial statement: 20 ml margin
Corporate governance and ownership structure - draft financial statement 31.12.2011
The Commission shall submit, no later than 31 May each year, an update of the financial statement relating to the VIS.

Alternatives:

financial report
financial document
financial record
financial account
financial summary

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financial statements vs financial statement

"financial statements"

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