Financial reporting is the process of producing statements that disclose the financial status of an organisation to fulfil two main purposes.
First, it helps management to engage in effective decision making concerning the company’s objectives and overall strategies by disclosing data which discerns the strengths and weaknesses of the company and its financial health.
Secondly, this financial reporting provides vital information about the activities of the company to its stakeholders including shareholders, potential investors, consumers and government bodies. It’s a means of ensuring that the company is being run appropriately.
While the reporting process for each business will be varied, our proficient reporting methods are available to all of our varied clients.