Financial Reporting & Analysis
Financial Reporting and Analysis (FRA) is a process of preparing and examining a company's financial statements and related information to make informed economic decisions. The primary objective of financial reporting is to provide accurate and relevant financial information about a business to various stakeholders, including investors, creditors, regulators, and internal management. Here's a breakdown of its key components and significance.
Components of Financial Reporting and Analysis we utilize to assist customers include the following:
Financial Statements:
Income Statement (Profit and Loss Statement): Shows a company's revenues, expenses, and profits or losses over a specific period.
Balance Sheet: Provides a snapshot of a company's financial position at a specific point in time, detailing its assets, liabilities, and equity.
Cash Flow Statement: Summarizes cash inflows and outflows over a given period, helping to assess a company's liquidity.
Notes to Financial Statements:
Additional information accompanying financial statements, offering more details on specific accounting policies, contingencies, and other relevant information.
Management Discussion and Analysis (MD&A):
A narrative section where management provides context, insights, and analysis of the company's financial performance and future outlook.
Contact us today for assistance in furthering your Financial Reporting and Analysis needs!