Corporate financial reports are official documents that provide a summary of a company's financial performance and position over a specific period. These reports typically include key statements such as the income statement, balance sheet, and cash flow statement, which help stakeholders understand how well the company is doing financially. These reports are essential for various stakeholders, including investors, creditors, and regulatory agencies, as they offer insights into profitability, liquidity, and overall financial health. Companies are usually required to publish these reports quarterly and annually, ensuring transparency and accountability in their financial practices.