A financial statement forex is a type of comprehensive summary used to measure the performance of a company over a specific period of time, usually one fiscal year. The statement includes a company’s revenues, costs, expenditures, and profits which all help to determine the company’s worth and outlook. Financial statements become the base for various decisions surrounded by the investment and management decisions. They help us to analyze the position of a company and its profitability over a period of time. Furthermore, they are used by creditors in order to evaluate a company’s ability to repay its debts.