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Financial statements drafting and reporting

Preparation of annual Financial Statements in compliance with International Financial Reporting Standards (IFRS) is a compliance requirement. There is also a provision for Small and Medium Enterprises (SMEs) which allows reporting based on IFRS for SMEs. All these require skill, thoroughness and up to date knowledge in its application.
JP MAGSON’s qualified and experienced accountants are extremely expert in offering our clients professional financial reporting services.  Our accounting support services team comprises of competent personnel with wide experience in financial statement services such as auditing, review and compilation of accounting financial statements, and helps to facilitate a comprehensive risk-based examination of your company’s financial standings over a specified period.
We provide monthly or periodic generation of financial statements according to client-specified dates focusing on improvement of cash flow and income statement based on financial statements analysis as well as financial reports analysis.

Outsourcing financial reporting to JP MAGSON offers you access to a full range of periodically generated reports such as;

  1. Financial Statements( income statements, Balance sheet, Cash flow statements and related notes)
  2. General Ledger Reports
  3. Bank Reconciliations Reports
  4. Inventory Reports
  5. Payroll Reports
  6. Account receivable aging reports
  7. Accounts payable aging reports
  1. We offer quality financial statements analysis supervised by our professional managers and Quality Assurance team.
  2. We have experience in advising clients of risks and opportunities that are unique to their industries/sectors.
  3. Our financial reporting services help you keep your books in order with periodic updates and adjustments, thereby maintaining financial statements in a tax efficient manner.
  4. Together with taxation advisory service team, we  will provide you with effective processes to help improve your day-to-day reporting for indirect tax, reducing attribution errors, reducing costs and ensuring indirect taxes are handled correctly.

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