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Information beyond the financial statements, explained by our business accountant in Zetland

In most of the financial statements that our business accountant in Zetland handles, you will find values that are related to assets, liabilities, expenses, incomes, profits and many more elements. Although financial statements contain a lot of information regarding the financial activities and position of a business, there are other pieces of information that are also useful to certain stakeholders of the business. Our small business accountant in Sydney have detailed these pieces of information below:

Notes to the Financial Statement
Businesses use the notes to the financial statement to disclose the accounting methods used to prepare financial statements. Our business accountant in Sydney also discloses additional detail regarding account balances in the notes to the financial statement.

Auditor’s Report
An independent auditor’s report is a report, prepared by a registered company auditor for the shareholder, stating an opinion on whether the financial statements are fair and confirm with accounting standards.

Management’s Discussion and Analysis
In a management’s discussion and analysis document, comments on the operations, the ability to satisfy the obligations of the business and its stakeholders and the business’s expansion plans are included. This is vital to understanding the company’s past performance and is a very useful document for our small business accountant in Zetland.

To find out more about the information beyond financial statements, please contact our business accountant in Zetland today.