We do your financial accounting with compliance guidelines.
Financial accounting is the field of accounting concerned with the summary, analysis and preparation of financial statements related to a business. Preparation of financial statements include preparation of Profit & Loss Statement, Balance Sheet, and Cash Flow Statement. A business’s health is measured by financial accounting. Financial accounts presents the past performance of the business by using which calculated measures can be taken to make future strategies. Stockholders, suppliers, customers, banks, employees, government agencies, business owners, and other stakeholders are the key interested groups in receiving such information for decision making purposes.
Financial accountancy is governed by both local and international accounting standards which include Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS) etc. With IFRS becoming more widespread on the international scene, consistency in financial reporting has become more prevalent between global organizations.
That is why these accounts must be prepared by professionals who are qualified in these principles. Contact us if you need to draw your financial accounts and report on company accounts in order to help you with compliance of companies house and HMRC.