Accounting is the process of recording financial transactions related to a business. The accounting process includes covering, analysing and reporting these transactions to supervisory agencies, regulators and tax collection entities. The financial statements used in accounting are concise summaries of financial transactions during the accounting period, covering the company’s operations, financial position and cash flows.
Accounting is one of the main functions for almost all businesses. It may be run by a bookkeeper or accountant at a small firm, or by a fairly large finance department with dozens of employees at a larger company. Reports produced by various streams of accounting, such as cost accounting and management accounting, are invaluable in helping management make accurate business decisions.
Every entity has an accounting need. Have you found the right one? Still looking for someone who is right for you? Stay with us and let us handle all the accounting matters for you. We will find the best-suited solution which will not only meet your concern but beyond your expectation.
As accounting and bookkeeping will also assist an organization to have an integrated reporting perfectly, we deliver high-end quality service by focusing on customizing a strategy that is suited for you.
Bookkeeping and accounting services offered include but not limited to:
Nowadays, the business model is comprehensive with their behavior, performance strategy and the company’s value or activities. A successful entity’s integrated report where can lead the entity to the next level. According to this, the entity is able to build trust by improving its reputation, raising capital and supportable growth in the future. Hence, it can more easily help the organization deliver a better image and communicate better with their stakeholders. A more integrated picture of the organization can improve risk management as well, which the organization can easily analyse their risk and leverage in their business.
The Integrated Reporting Framework declared but not limited to:
A budget is an estimation of revenue and expenses over a specified future period of time and is utilized by governments, businesses, and individuals. A budget is basically a financial plan for a defined period, normally a year that is known to greatly enhance the success of any financial undertaking. Corporate budgets are essential for operating at peak efficiency. Aside from earmarking resources, a budget can also aid in setting goals, measuring outcomes, and planning for contingencies. Personal budgets are extremely useful in managing an individual’s or family’s finances over both the short and long term horizon.
Cash flow ratios compare cash flows to other elements of an entity’s financial statements. A higher level of cash flow indicates a better ability to withstand declines in operating performance, as well as a better ability to pay dividends to investors. They are an essential element of any analysis that seeks to understand the liquidity of a business. These ratios are especially important when evaluating companies whose cash flows diverge substantially from their reported profits. Some of the more common cash flow ratios are:
Business valuation can be explained as a process and set of procedures used for estimation of economic value of an owner’s business interests. Valuation is used by the participants of financial markets for determination of prices which can be paid or received willingly to consummate a business sale. Besides determining the sale price of a business, the similar valuation tools are generally used by business appraisers for resolving disputes linked divorce litigation, estate and gift taxation, allocate business purchase price among various business assets, establish a formula for determining the value of ownership interest for buy-sell agreements, and various other business and above-board purposes. There are some methods of how a company can be valued.
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