Preparation of Financial Statement

Preparation of Financial Statement

A Financial Statement is generated Monthly/ Quarterly/ Yearly to evaluate the performance of a Business. This statement includes details such as:

• Balance Sheet at the end of the financial year
• Profit and loss account for the year-end
• Calculation of total cash flow in the entire year of the business
• Evaluation of share capital
• Financial ratios
• Accounts Receivable (AR) aging as of year-end
• Accounts Payable (AP) aging as of year-end
• Property Plant and invested equipment and their depreciation with each year
• Prepaid schedule at the end of the year
• Investments
• Income spent on business operations
• Other Schedules in Notes to Accounts