By Dr. John Sacco , George Mason University Revised A financial report can take many forms, but in general, it is a way to convey information about financial performance and to a lesser extent, financial capacity . A financial report is similar to an input-output model.
Details go into a summary and that summary of performance or capacity can affect decisions.
The report that gets the most attention is the CAFR . It has the financial statements and other information. This hyperdocument emphasizes the CAFR and financial statements.