A financial statement is a formal record of the financial activities of a business, person, or other entity. In British English

British English

British English, or English , is the broad term used to distinguish the forms of the English language used in the United Kingdom from forms used elsewhere...

—including United Kingdom company law

United Kingdom company law

United Kingdom company law is the body of rules that concern corporations formed under the Companies Act 2006. Also regulated by the Insolvency Act 1986, the UK Corporate Governance Code, European Union Directives and court cases, the company is the primary legal vehicle to organise and run business...

—a financial statement is often referred to as an account, although the term financial statement is also used, particularly by accountant

Accountant

An accountant is a practitioner of accountancy or accounting , which is the measurement, disclosure or provision of assurance about financial information that helps managers, investors, tax authorities and others make decisions about allocating resources.The Big Four auditors are the largest...

s.

For a business enterprise, all the relevant financial information, presented in a structured manner and in a form easy to understand, are called the financial statements.