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Financial Statement
A written report that quantitatively describes the financial health of a company, including the balance sheet, income statement, and cash flow statement.
First Statement
Broadly refers to the initial financial statement or report produced for a specific period; contextually could vary (e.g., income statement, balance sheet).
Internal Users
Individuals within an organization who use the company's financial information for decision-making, including management and employees.
External Users
Individuals or entities outside a company who use its financial statements, such as investors, creditors, and regulatory agencies.
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