n) financial data provided directly by individuals or businesses, rather than being obtained through third-party sources or verified via external audits. These reports are typically submitted voluntarily with a credit application, with the information reflecting the financial state as disclosed by the entity itself.

In the context of financial decision-making or credit assessment, self-reported financials are often used by lenders or financial institutions to evaluate a borrower’s creditworthiness, though their accuracy may be influenced by the integrity and transparency of the reporting entity, ie, the borrower’s understanding of their financials based on their own method of accounting.