- Balance Sheet;
- Income Statement;
- Cash Flow Statement; and
- Statement of Shareholders’ Equity.
The preparation of the Financial Statements is per the International Accounting Standards. Thus, balance sheets show what a company owns and what it owes at a fixed point in time. Income statements show how much money a company made and spent over a period of time. Cash flow statements show the exchange of money between a company and the outside world, and also over a period of time. The fourth financial statement, called a “Statement of Shareholders’ Equity,” shows changes in the interests of the company’s shareholders over time.
Outsourcing the preparation of financial services reduces the back office cost of your business, while continuing to abide by the same internationally accepted accounting rules and standards established by the financial community.