Services

Financial Reporting

Corporate Requirement

Financial reporting is a critical component of every company’s daily operations. It provides essential data to evaluate a company’s financial performance. Historical data is the primary source of information required for analytical reporting, offering insights into past performance.

Periodic Requirement

Financial reporting and analysis is a routine practice for every business, aimed at evaluating the company’s financial performance over the previous fiscal period. These financial reports offer an in-depth analysis of the organization’s performance.

Critical decisions based on the generated reports include:

  • Continuation or discontinuation of main operations or business segments.
  • Decision to manufacture or purchase certain materials for product production.
  • Determining whether to acquire or lease machinery and equipment.
  • Issuance of stocks or negotiation for bank loans to enhance working capital.
  • Making investment or lending decisions.

MAW Tax and Accounting Inc. Financial Reporting Services

MAW Tax and Accounting Inc. skilled team of Chartered Accountants, specializing in various industries,
can generate tailored financial reports. Our comprehensive services include:

Income Statement
The income statement summarizes costs, expenses, and revenue over a specific period, usually a year or a fiscal quarter.

Income Statement by Month
Detailed monthly breakdowns of the income statement, providing a granular view of financial performance.

Balance Sheet
A comprehensive overview of the company’s assets, liabilities, and shareholders’ equity at a specific point in time, offering insights into the financial stability of the organization.

Statement of Cash Flow
An analysis of the company’s cash inflows and outflows over a period, highlighting the organization’s liquidity and cash management practices.

Bank Reconciliation Report
A detailed comparison of the company’s financial records with bank statements to ensure accuracy and consistency.

Payroll Register
A record of all employee wages, salaries, bonuses, and deductions over a given period, ensuring compliance with payroll regulations.

Journal Entry and Check Register
A log of all financial transactions recorded in the company’s accounting system, ensuring accuracy and transparency.

Business Analysis Report
An in-depth analysis of the company’s business operations, identifying strengths, weaknesses, opportunities, and threats.

Financial Analysis Report
A comprehensive evaluation of the company’s financial health, including ratio analysis and trend analysis.

Operations Analysis Report
An assessment of the company’s operational efficiency, highlighting areas for improvement and optimization.