Why is financial reporting critical to your business?
Financial reporting is the cornerstone of transparency and compliance with reporting obligations in any company. It serves not only as a legal requirement but also a key management tool. This allows stakeholders – such as investors, lenders and management, to gain a clear understanding of the organization’s financial condition. Good financial reporting practices, based on Polish accounting principles and international financial reporting standards, ensure clarity and consistency of information, which is essential for making informed business decisions. Proper organization of the financial reporting and reporting process facilitates timely compliance with reporting requirements and assurance of the quality of financial information presented to stakeholders.
Our financial reporting services
- Preparation of consolidated financial statements under UoR, IAS/IFRS: We provide comprehensive support for the consolidation process including the preparation of consolidation packages, financial statement templates, identification of differences in accounting policies, recognition and implementation of appropriate consolidation adjustments, and support in handling financial audit.
- Preparation and review of financial statements under UoR, IAS/IFRS: We prepare full financial statements or verify the accuracy of financial ones, providing conversion to the required formats as needed.
- Accounting supervision: We ensure compliance by verifying accounting books according to current regulations and accounting standards, offering ongoing support and consultation.
- Management reporting: We assist in creating automated management reports tailored to individual client’s needs, forming a foundation for informed strategic and operational decisions.
- Development or modification of accounting policies in compliance with the accounting act and IAS/IFRS.
- Preparation of other required reports for the CSO, NBP, among others.
What are the benefits of financial reporting?
- Increased transparency: Transparent and compliant financial reporting enhances a company’s credibility, building trust among investors, lenders and other stakeholders.
- Improved management and planning: Reliable financial reports are important for assessing a company’s performance and financial stability, enabling monitoring of performance and progress toward goals, and based on these reports, boards of directors are able to effectively manage company resources, plan investments and growth strategy.
- Facilitated access to financing: Companies that provide comprehensive, compliant and high-quality financial reports have easier access to external financing, by raising the level of confidence in financial institutions and potential investors.
Our services are designed to ensure regulatory compliance, while analysing processes for potential improvements, which are essential factors for the long-term success of our clients.