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The Financial Statement market is a segment of the accounting industry that focuses on the preparation and analysis of financial statements. Financial statements are documents that provide information about a company's financial performance, such as income, expenses, assets, liabilities, and equity. Financial statements are used by investors, creditors, and other stakeholders to assess the financial health of a company.
Financial statement services are typically provided by accounting firms, which employ certified public accountants (CPAs) to prepare and analyze financial statements. CPAs are responsible for ensuring that financial statements are accurate and comply with Generally Accepted Accounting Principles (GAAP).
In addition to accounting firms, there are a number of software companies that provide financial statement services. These companies offer software solutions that automate the preparation and analysis of financial statements. These solutions are often used by small businesses and individuals who do not have access to the services of a CPA.
Some of the companies in the Financial Statement market include Intuit, Xero, Sage, QuickBooks, and FreshBooks. Show Less Read more