Meaning of the word "Financial Reporting" in English

What does "Financial Reporting" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

Financial Reporting

US /faɪˈnænʃəl rɪˈpɔːrtɪŋ/
UK /faɪˈnænʃəl rɪˈpɔːtɪŋ/

Noun

the process of communicating financial information to stakeholders, including financial statements, notes, and other disclosures

Example:
Accurate financial reporting is crucial for investor confidence.
The company improved its financial reporting transparency.