Financial statements and reports we prepare
We compile annual financial statements from a business’s accounting records and supporting information. These reports present its financial position and performance over a financial year.
The contents and presentation of the statements depend on the type of business and the financial reporting requirements that apply to it.
Management reports
Business owners often need financial information throughout the year, not just at year-end. Management reports help them monitor income, expenditure and financial trends and identify matters that need attention.
We assist with financial reporting that supports day-to-day management and longer-term business decisions.
Cash flow statements
A business can report a profit and still experience cash shortages. Cash flow statements help explain how money moves into and out of the business and can highlight periods of financial pressure.
We prepare cash flow information and help clients interpret what it means for their operations.
Financial information for banks and other institutions
Banks and other financial institutions may request financial statements or reports when considering a business application or reviewing its financial position.
Understanding the figures
If your business records need to be organised or brought up to date before reports can be prepared, our
What is the difference between compilation, an audit and an independent review?
involves preparing and presenting financial information from the records and information provided. A compilation does not, on its own, provide audit or review assurance about that information.
An audit and an independent review are separate engagements involving different procedures and levels of assurance. The appropriate service depends on the entity and its applicable legal or other requirements.
See our
Frequently asked questions about financial statements
Yes. We assist businesses with the compilation of financial statements and related reporting. Contact us to discuss your business structure, reporting needs and available accounting records.
Requirements vary, but commonly include accounting records, bank statements, income and expense information and supporting documents for relevant transactions and balances. We can advise what is needed for your particular engagement.
No. Compilation and auditing serve different purposes. An audit includes independent audit procedures and an auditor’s opinion, while compilation alone does not provide that assurance.
Yes. We assist with the interpretation and evaluation of financial information, helping owners and management understand their business’s financial position and performance.
No. Compilation and auditing are different engagements with different objectives.
Yes. Cash flow statements are included among the firm’s services.
Yes. Financial information and reports for banks and other financial institutions are offered.
Annual financial statements present a business’s financial position and performance for a financial year. Their contents and format depend on the reporting framework and requirements applicable to the business.
Related Services
— bookkeeping, accounting records and ongoing accounting support.
— audits, independent reviews and financial investigations.
— tax returns and advice informed by financial records.
— financial analysis, business valuations and profitability improvement.
— view our full range of services.