Financial Report

A Financial Report is a report is a formal record of the financial activities of a business, person, or other entity.

Councils are required to prepare financial reports annually.


The Victorian Auditor-General's Office defines a Financial Report as: "A document reporting the financial outcome and position of an entity for a financial year, which contains an entity's financial statements, including a comprehensive income statement, a balance sheet, a cash flow statement, a comprehensive statement of equity and notes." 6

Related Pages


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External Links & References

  1. CPA Australia
  2. Wikipedia
  3. AASB 116 (Property Plant and Equipment)
  4. AASB 1049 (Whole of Government and General Government Sector Financial Reporting)
  5. Google Search
  6. Local Government: 2015-16 Audit Snapshot (Victoria)
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