Accounting & Financial Reporting
To continue efficient and profitable business practices, the company should understand how crucial a great accounting and financial reporting system can be. The reporting services include bookkeeping, management accounting, financial reporting, financial analysis, and budgeting. Your company needs to have this information visible and accurate for the books to be correct and for due diligence on your company to be complete and cohesive. You will see in our statements and processes that we pride ourselves in accuracy and that accuracy is absolutely vital to the integrity of your business and business decisions.
Ingwer Consulting works to tidy up and streamline the bookkeeping process in order to make it all simpler for your accounting division. Management accounting is also considered “costing” and it is a critical factor in performance.
Our way of organizing financial reporting helps out with the taxes and everything official you will need to submit. Financial analysis also contributes to this process and firms up the accounting. Naturally, budgeting is an important part of the process in order to sustain the current trajectory and continue on to expansion and higher profitability.
Management Accounting
Also known as the practice of costing, management accounting is a critical factor that drives business performance.
By definition, management accounting involves:
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Partnering in management decision-making
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Devising planning and performance management systems
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Providing expertise in financial reporting
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Control to assist management in the formulation and implementation of an organization’s strategy
Financial Analysis
Today’s volatile economic climate emphasises the need for executives capable of strong financial analysis. Evaluating business performance, weighing potential acquisitions, and assessing global competition are the three key components for management consideration.
The process of evaluating projects, businesses, and other finance-related entities aims to determine potential for investment in terms of stability, solvency, liquidity, and profitability. A financial analyst’s focus would hence be directed towards the entity’s income statement, balance sheet, and cash flow statement. Additionally, another important factor involves extrapolating the entity’s past performance as an estimate of its future results.
Bookkeeping
Bookkeeping is the process of recording, analysing and interpreting the financial transactions of a business or individual. The discipline of bookkeeping stands for a large proportion of the accounting process. Accuracy is key as this acts as the skeleton of your business, keeping track of your revenue and costs.
Financial Analysis
Today’s volatile economic climate emphasises the need for executives capable of strong financial analysis. Evaluating business performance, weighing potential acquisitions, and assessing global competition are the three key components for management consideration.
The process of evaluating projects, businesses, and other finance-related entities aims to determine potential for investment in terms of stability, solvency, liquidity, and profitability. A financial analyst’s focus would hence be directed towards the entity’s income statement, balance sheet, and cash flow statement. Additionally, another important factor involves extrapolating the entity’s past performance as an estimate of its future results.
