Financial statements are reports that reflect the state of a company at a specific point in time, usually a year. They are made up of several documents in which the financial situation of a business is reflected and collects information, both economic and patrimonial, about the companies. Also known as financial statements or annual accounts, they are very important to know the profitability and solvency of companies.

Financial statements are not only concepts of financial accounting, they are a very important instrument for the patrimonial and economic diagnosis of a company. Knowing and mastering concepts such as Income Statement, Cash Flows, Liquidity and Cash Analysis is essential for any manager to make strategic decisions.