The terms financial reports and consolidated financial reports are used to refer to a document which would include the financial statements but which would also include items such  a management discussion and analysis section, a statement of program performance measures, required supplemental information or required supplementary stewardship information not included in the financial statements or other supplemental financial and management information.
Financial and consolidated reports contain a wide range of information relevant to business operations including accounting information, leadership particulars, business goals, and anything else that could affect the bottom line.