Financial Statements and Beyond.

We possess the technical skills and depth of knowledge required to assist in the preparation of timely and high-quality financial statements. Our team of professionals have an asset management audit background and are experienced in both US GAAP and IFRS reporting for all types of company structures.

We tap on the knowledge and experience of our team to assist management in not only preparing compliant and timely financial statements, but also in improving the quality of financial reporting. Our aim is to provide you with a competitive edge in today’s demanding environment.

Financial Statements Preparation Services Bahrain

The 5 basic financial statements

  • Income
  • Presents the revenues, expenses, and profits/losses generated during the reporting period. This is usually considered the most important of the financial statements, since it presents the operating results of an entity.
  • Statement of Retained Earnings
  • Presents changes in equity during the reporting period. The report format varies, but can include the sale or repurchase of stock, dividend payments, and changes caused by reported profits or losses. This is the least used of the financial statements, and is commonly only included in the audited financial statement package.
  • Statement of
    Cash Flows
  • Presents the cash movements that occurred during the reporting period. This can provide a useful comparison to the income statement, especially when the amount of profit or loss reported does not reflect the cash flows experienced by the business. This statement may be presented when issuing financial statements to outside parties.
  • Statement of Comprehensive Income
  • A financial report detailing the change in a company’s net assets during a specific period of time. A statement of comprehensive income differs from a typical income statement, which details profits and losses, but may omit changes in net assets due to transfer of equity holdings, change of ownership, or other factors.
  • Balance
  • Presents the assets, liabilities, and equity of the entity as of the reporting date. Thus, the information presented is as of a specific point in time. The report format is structured so that the total of all assets equals the total of all liabilities and equity (known as the accounting equation).

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