Financial Reports (formerly Hyperion Reports) delivers formatted, high-volume, production-quality reporting across the enterprise. These reports are the type that is often needed for books or filings. Financial Reports provides a graphical interface for rapid report creation. A library of reusable report components simplifies and streamlines report creation and maintenance: data grids, text, charts, graphs, and images. Something as simple as the company profit and loss statement, balance sheet, and cash flow are common in Financial Reports. Figure 4-1 shows the main report repository you see when you log in.