Question

What Is The Financial Data?

Answer 1

Definition of Financial Data. Financial data consists of pieces or sets of information related to the financialhealth of a business. The pieces ofdata are used by internal management to analyze business performance and determine whether tactics and strategies must be altered.

Answer 2

Financial statements are formal records of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form which is easy to understand.