Financial reporting

Financial reporting

Financial statement preparation & analysis of financial performance

Analysis of financial performance is essential to long-term success of every single business. Financial statements prepared in accordance with general principles will provide entrepreneurs with valuable insights about their company’s past performance, current financial position and predictions for the future.

In addition to receiving a complete set of financial statements, our clients will also receive findings of our comparative analysis performed when preparing the financial reports. The findings include highlights of activities that provide the highest profits as well as areas of your business that have potential for improvement.

The information included in the financial statements will be a critical tool to measure success of your business and identify any areas which may require improvement. It is very important to get access to this information as soon as possible, as this allows to take a corrective action without a delay.

As a registered member in good standing with the CPA Ontario, we will issue annual Financial Information reports acceptable by most banks/creditors. These reports may be required to obtain financing or attract capital from third parties.

Certain businesses may also be interested in preparing budgets or financial forecasts so that they are better prepared for the next fiscal period. Information included in this type of reports is essential when the management needs to anticipate cash flow requirements for the near future as well as long-term time frame. Our team works closely with clients to ensure that all relevant information is considered while preparing forecasts and budgets.