What is Final Accounts?

Legal Definition
Final accounts give an idea about the profitability and financial position of a business to its management, owners, and other interested parties. All business transactions are first recorded in a journal. They are then transferred to a ledger and balanced. These final tallies are prepared for a specific period. The preparation of a final accounting is the last stage of the accounting cycle. It determines the financial position of the business. under this it is compulsory to make trading account, profit and loss account and balance sheet.

The term "final accounts" includes the trading account, the profit and loss account, and the balance sheet. Section 209 of the Companies Act 1956 makes it compulsory for companies to keep certain books of accounts.
-- Wikipedia
Legal Definition
Financial statement at the end of a companies fiscal year.