In the current economic conditions shareholders, regulators and professional bodies are taking greater interest in how companies derive, report, disclose and communicate about their financial position. Financial Statements Preparation environment is driving extensive change across accounting standards.
“The Financial Statements Preparation objective is to provide information about the financial position, performance and changes in financial position of an enterprise that is useful to a wide range of users in making economic decisions.”
“The Financial Statements Preparation objective is to provide information about the financial position, performance and changes in financial position of an enterprise that is useful to a wide range of users in making economic decisions.”
Financial Statements May be used by users for Different Purposes:
- Owners and managers require Financial Statements Preparation to make important business decisions that affect its continued operations. Financial analysis is then performed on these statements to provide management with a more detailed understanding of the figures. These statements are also used as part of management’s annual report to the stockholders.
- Financial institutions (banks and other lending companies) use them to decide whether to grant a company with fresh working capital or extend debt securities (such as a long-term bank loan or debentures) to finance expansion and other significant expenditures.
- Government entities (tax authorities) need Financial Statements to ascertain the propriety and accuracy of taxes and other duties declared and paid by a company.
- Vendors who extend credit to a business require Financial Statements to assess the credit worthiness of the business.
How can we help in Financial Statement making
At Choksi Tax Services , our Financial Accounting And Tax Services team leverages their extensive expertise for our clients and other small and medium enterprises prepare their financial statements due to the need for its representation to various governing bodies and authorities and also assist the companies struggling in preparing financial reports due to lack of expertise.
For more information and details of our services and speak to our experts, call us on our number +91 79 71727115 or mail us your query on our number info@choksitax.com