Accounting is the production of financial records for a company or organization. Accountancy generally produces financial statements that show in money terms the economic resources under the control of company management by selecting information that is relevant and representing it faithfully. The principles of accountancy are applied to accounting, bookkeeping, and auditing.
Our accounting services consist of practice, experience and knowledge concerned primarily with methods for recording transactions, keeping financial records, performing internal audits, reporting and analyzing financial information to the management, and advising on taxation matters. It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information.
Profit or loss is reported for a given period as well as the value and nature of a firm’s assets, liabilities and owners’ equity. Accounting also provides information on the resources available to a firm, the means employed to finance those resources, and the results achieved through their use.
Financial Reports Available
Accounting services includes the creation of reports to represent a company or business. Below are some major financial reports with others not listed here but available for different purposes.