Accounting and Financial Reporting is a specialized branch in accounting that deals with recording, classifying, summarizing and presenting all the financial transactions of a business organization in a systematic manner and according to the requirements of International Financial Reporting Standards (IFRS) and applicable local laws. The financial reports commonly known as an account or statement of results, and financial position and statement of cash flows are prepared by accountants who regularly track and record all the relevant financial information in the organization. There are four basic financial reports: Income Statements, Balance Sheet, Statements of Cash flows and statement of change in shareholders’ equity.
While preparing financial reports, it is essential that the company ensures its understandability, reliability, comparability, relevance, neutrality and a well-structured presentation. It should highlight the fair view of the financial entity, while providing its stakeholders adequate information that would help them in making their appropriate investments and other decisions and assessing the value of the company. All of such activities should be undertaken in light of the requirements of International Financial Reporting Standards and prevailing laws.
We at Crowe Horwath Dr. A. M. Hegazy & Co. have been providing bookkeeping services and financial reports and other related services based on professional accounting and compilation standards for many years to different industry sectors and are completely capable of guiding you towards identifying and analyzing any opportunity and managing risks effectively, making sure your organization gains profitability and value in every possible way. Many organizations have confided in us in the critical process of decision-making and for providing outstanding services that excel in the financial world. We are determined in providing highly sophisticated and specialized standards and ethical practices that guarantee your satisfaction. For us, financial reporting is not merely a routine preparation. We rely on our extensive, rich knowledge in designing and analyzing customized reports that are tailored to suit your specifications.