Financial Reporting

The communication of financial information to external and internal stakeholders — is most often achieved by the typical statements;  balance sheet, income statement and statement of cash flows.

• External reporting is used by company outsiders have more rigid requirements.
• Internal reporting can be more tailored to your specific informational needs and the company's business objectives.

Has become more important than ever. When done correctly, implementing a strategic plan forces an organization and its senior leadership team to focus on critical and complex problems, as well as look ahead to future challenges. Strategic planning makes them much more adept to handle shifts in their industry .

A useful financial accounting system makes running your business so much easier, yet implementing an accounting system is no easy feat. The best way to get everything you expect from your accounting system is to define  your objectives, assumptions & deliverables.