Financial and Management Reporting

Management reports are vital to interpret progress and performance in the business. Reports should be timely and accurate so that they can be useful for business intelligence and decision-making. We are experienced with numerous reporting tools such as Microsoft FRx and Crystal Reports and are proficient at writing and configuring meaningful management reports that can help you monitor progress as well as exceptions in the business. Good, informative reports will enable you to proactively make business decisions.

Financial Reporting becomes critical where compliance is a factor in the business. It is an area of growing importance for almost all companies in light of the recent financial meltdown.  Lenders are placing more stringent requirements on borrowers and company officers are being held to account for representations of the business. We are experience in setting up financial reports that comply with GAAP (Generally Accepted Accounting Principles):

• Private Equity, Venture Capital, and Individual investors are often most concerned with understanding trends, cash flow and performance in terms of EBITDA (Earning Before Interest Tax, Depreciation and Amortization), as well as ratio analysis calculations that evaluate the adherence to lending covenant requirements.
• Statutory Reporting requirements are commonly required by banks, lending institutions, or listed holding companies. In terms of GAAP, there are 3 types of endorsements or reviews for a set of financial statements:
  • Audit is the most thorough investigation of a set of company financial statements whereby a Certified CPA will verify, based on a detailed and planned investigation, that the financial statements fairly and accurately represent the financial affairs of the company. Based on the Auditors report, stakeholders of the company would be more inclined to lend and transact with the company.
  • Review is less stringent than an audit in that the CPA firm will use analytical procedures to verify the reasonableness of the financial statements.
  • Compilation is a set of company financials that is presented in a format consistent with GAAP. No opinion or assurance is expressed on this financial data.

Whatever your business reporting needs, you can trust our experience and know-how to get better business insights in a timely and accurate manner.