financial reporting
17 Feb, 2020 admin

Financial reporting is the disclosure of financial results and related information to management and external stakeholders (e.g., investors, customers, regulators) about how a company is performing over a specific period of time. Financial reporting helpline indeed contribute to know more information about it. The main objective of financial reporting is to track, analyze and report your business income.

Financial reports are usually issued on a quarterly and annual basis and include the following:

  • Balance Sheet/ (Statement of Financial Position) 
  • Income Statement/ (Profit and Loss Report) 
  • Statement of Changes in Equity
  • Cash Flow Statement 
  • Notes to financial statements
  • Quarterly & Annual Reports
  • Management Accounts, Commentary & Analysis

Focus Somar’s dedicated experts focus on statutory reporting and accounting matters. We have the knowledge, experience and quality in this complex and changing environment to support you in financial reporting helpline.

From simply reviewing financial statements prepared by your finance team for compliance with applicable accounting standards or preparing statutory financial statements for single entities or consolidated groups, to providing audit assistance and being an integral part of your audit relationship, our high quality, fresh approach can be tailored to suit your needs.

Read more:

Digital Accounting and it’s benefits

R&D Tax Relief changes

Whether the finance team need additional support at the year-end or require financial reporting helpline with complex accounting matters during the year, our teams are well positioned to support both UK and multi-national businesses. Regardless in technical advice and support please visit ACCA.

Whether you are reporting under IFRS or new UK GAAP (Generally Accepted Accounting Principles), RSM’s reporting support team is on hand to provide that support.

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