PREPARING A FINANCIAL REPORT: Financial Report is an informational document about the financial performance of a company. That include the balance sheet, income statement, cost of goods sold statement and cash flow statement. Actually that is a summary of the company or business which we make after a specific period of time. The Beneficiaries of the financial report are all the stakeholders of the business. The Complete process of the financial reporting is consist of different steps which are as follows: · Preparing and Planning to write. · Preparing the balance sheet. · Preparing the income statement. · Preparing statement of cash flows. · Adding addit...