Business GCSE
Financial reporting
What Financial reporting means in Business GCSE, as defined for AQA.
Definition of Financial reporting
Check what you remember
Read the wording for your board, then hide it and explain Financial reporting in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Providing information about a business's financial performance and position through statements such as the income statement and statement of financial position.
Topics that use Financial reporting
Related terms
- Asset and liability classification
- Assets
- Average Rate of Return (ARR)
- Business decision making
- Calculating and comparing ratios and totals
- Cash Flow Forecast
- Causes and consequences of financial change
- Financial interpretation and comparison
Using Financial reporting in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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