Financials
[faɪˈnænʃəlz]
Definitions
A summary of a company's financial activities, including its revenues, expenses, assets, liabilities, and equity, usually presented in the form of financial statements.
[faɪˈnænʃəlz]
Reports of financial performance
The annual financials are essential for investors to make informed decisions.
💡 Simply: Imagine a report card for a business, showing how much money it made and spent. This helps people see how the business is doing.
👶 For kids: The report card of money for a business
More Examples
Reviewing the company's financials helped the board identify potential risks.
The bank required the client to submit their personal financials to secure the loan.
How It's Used
"The company's financials for the last quarter showed a significant profit increase."
"Auditors meticulously examined the company's financials to ensure accuracy and compliance."
Idioms & expressions
financial statement
A formal record of the financial activities and position of a business, person, or other entity.
"The company's financial statements are audited annually."
sound financials
Finances that are stable, healthy, and well-managed.
"The company is known for its sound financials."
From "finance" (Middle English, from Old French) + -ials (plural suffix). The term gained prominence with the development of accounting and business practices.
The term 'financials' has grown in use with the complexities of modern business, where detailed financial records are crucial for performance analysis and investor confidence.
Memory tip
Think of a detailed snapshot of a company's money situation.