Financial Statements

Financial Statement Preparation is a general bookkeeping process involving in accounting cycle:

• Reconciliation of the Bank Account
• Coding each transaction according to asset, liability, revenue or expense
• Inputting these transactions into appropriate general ledger accounts
• Preparing a trial balance
• Analyzing and adjusting the accounts
• Preparing an adjusted balance, balance sheet and income statement 
• We have many years experience compiling financial statements for diverse clients operating as sole proprietorships, corporations and partnerships.

International Financial Statement Analysis requires obtaining financial information from countries whose practices differ in order to enable investors to make cross-border comparisons.  As merger and acquisition activities continue between borders, the ability to gather and evaluate financial information is increasingly important.

Disciplines we provide -

• Maintaining inventory systems
• Preparing payroll and payroll tax reports
• Facilitating dramatic changes in profitability
• Enabling clients to survive stringent IRS audits
• Preparing financial reports for management decision-making
• Compiling and analyzing internal and international financial statements
• Helping clients obtaining financing through carefully crafted business plans
• Writting highly persuasive letters and reports on business-related matters
• Assisting in budgeting decisions through preparing cash-flow charts and analyses

Accounting for Changes in Prices involves distinguishing between general and specific price level changes.  The former relates to the movement in the prices of all goods and services in an economy, which may be inflationary or deflationary.  The latter refers to the price of a specific good or service that changes according to demand and supply.  Accounting for changes in the purchasing power of the monetary unit enables Financial Statement users to interpret and compare the reported operating performances of companies.

We provide a wide range of accounting services to a diverse clientele including industries such as construction, healthcare, manufacturing, retail and real estate as well as individual artists, builders, lawyers and many others. In most cases we have also prepared the Tax Returns for most of these clients.

A Business Plan is a document that convincingly demonstrates that your business can sell enough of its product or service to make a satisfactory profit and attract potential investors.  As a selling document, a Business Plan must first be patterned to meet your needs.  What is your identity?  Who are your buyers?  What are you selling?  How do you sell?  A good Business Plan should include:

• Cover Page - Particulars of your company.
• Table of Contents - Logical arrangement of your plan with page numbers.
• Executive Summary - Your business plan in miniature, designed to capture the reader's attention and imagination.
• The Company - Past, present and future.  What are its goals and strategies?
• The Market - Who are your customers, your prospects and your competition.
• Product/Service - Describe what you offer, what is special, your charges, warranties, etc.
• Sales & Promotion - How do you intend to attract your customers.
• Financing - Describe past results and future expectations.  Include Cash-flow projections, Profit and Loss statements, and Balance Sheets in traditional accounting format.
• Summary - Summarize the contents and especially the purpose of your plan, ending on a positive note.

We have helped clients obtain needed financial backing during critical periods of development.

Capital Budgeting means to identify potential investors, select investments to undertake, and monitor progress.  Common models to assist managers in making long-term Capital Budgeting decisions are Discounted Cash-Flow and Net Present Value either for total project or differential approaches.

Not every manager understands capital budgeting. We have taught this discipline to graduate MBA students, and can assist you in developing appropriate models.

Foreign Currency Translations concern the restatement of Financial Statement information from one currency to another. Problems occur in exchange rate fluctuations and account in-harmonizations.  Also translating foreign currency balances to domestic currency involves considering the current, historic and average rates.

We have assisted clients for nearly 15 years in making these currency translations.