What is the meaning of three statements in one

Three-statement consolidation means combining three separate statements - financial statements, balance sheet and income statement - into one comprehensive statement. Traditionally, financial statements, balance sheets and income statements were prepared and presented separately. Through the implementation of the "Three Statements in One" system, these statements are consolidated into a single statement to improve information transparency, reduce duplication of work, and facilitate communication and coordination among various departments within the enterprise. Through the "three statements in one" system, enterprises are able to better disclose their financial position and operating performance, simplify the statement preparation process and enhance the effectiveness of internal controls. In addition, this system also helps to improve the transparency of enterprises, enhance investors' understanding of and trust in the financial situation of enterprises, and thus promote the healthy operation of the market.