Machine Learning Enabled Financial Statements in Assessing a Business's Performance

Machine Learning Enabled Financial Statements (MLEFS) revolutionize corporate performance analysis. This study examines MLEFS's dramatic effects using data gathering, model creation, interpretability, deployment, and ethics. We found that MLEFS accurately predicts crucial financial measures, helping investors, lenders, and financial analysts make better judgments. The study emphasizes the importance of financial measures like Return on Assets (ROA) in supporting financial theories and models. The research also stresses interpretability and ethics, promoting responsible machine learning in finance. Future trends include enhanced interpretability, strong ethical frameworks, real-time analysis, big data integration, regulatory adaption, and industrial acceptance. This study opens the door to data-driven financial analysis and decision-making, improving strategic planning, risk reduction, and investor trust.