to the dei nitions in the right column by writing down on a sheet of paper the letter of Matching exercise. Match the following terms definition that most closely describes the terms. Definitions Terms Financial accounting a. Financial reports that summarize the financial activities of an entity. Financial performance b. System that produces reports for outside parties. Financial statements c. Procedures to evaluate financial performance and financial position. Financial position d. Financial state on a specified date. Financial analysis e. Measures of profitability for a given time period