We can provide clients with compiled financial statements. This includes compilation of prospective financial statements, i.e. forecasts, projections, and personal financial statement preparation. These are frequently required for compliance with governmental and commercial lending institutions.
Standard management reporting is also available for clients not requiring formal write-up services. Managerial reporting is a more in depth approach to reviewing and analyzing numbers. Our management accounting experts provide the following services and benefits:
♦ Advise business owners about financial implications of projects or new opportunities
♦ Explain and quantify the financial consequences of business decisions
♦ Develop strategies that tie to specific objectives and define performance measurements to help monitor progress
♦ Highlight strengths and target weaknesses that are identifiable in the recorded results of operations
♦ Communication that is timely, understandable and meaningful
♦ Educate business owners about the relationship between job costing, profit margins, cash flow, and management of the Balance Sheet