Financial statements are part of

Financial statements are an important component of financial accounting. They are prepared by a business entity to provide information about its financial position, performance, and cash flows for a specific period of time. The financial statements typically include the balance sheet, income statement, cash flow statement, and statement of changes in equity. Financial accounting is a branch of accounting that deals with the preparation and presentation of financial statements for external stakeholders, such as investors, creditors, and regulators.