Financial Statement Preparation
About Financial Statement Preparation
Most businesses require financial statements for effective and efficient business management, banking purposes, and to ensure their compliance with CRA’s requirements. our Accountants diligently provide the finest accounting and bookkeeping services and prepare your financial statements in accordance with the International Financial Reporting Standards (IFRS) and Accounting Standards for Private Enterprises (ASPE) Canada.
In addition to the preparation of financial statements, more detailed information may be collected, analyzed and reported including information about capital assets, short and long-term debt and information about shareholders or other related parties and share capital for corporations. Balance sheets, cash flow statements, and operations may be included.
We provide our clients with a complete Financial Reports package along with a Notice to Reader (unaudited financial statement) which includes:
- Statement of Financial Position (balance sheet)
- Statement of Comprehensive Income/Deficit (income statement)
- Statement of Retained Earnings
- Statement of Cash Flows
- Notes to the Financial Statements