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A financial report is a formal and structured document that presents a business’s financial activities and condition—something like a health checkup, but for a company. It helps multiple users understand how the company is performing and where it stands financially.
Types of Reporting Formats
Internally Prepared Reports: For management use, not audited.
Externally Audited Reports: Official annual or quarterly reports examined and certified by external auditors—required for regulatory compliance.
Pro Forma Statements: Forward-looking projections or scenarios that exclude certain costs/events to show alternative financial outcomes. Must be accompanied by GAAP-based statements to avoid misleading stakeholders.
A Project Report is a detailed document that outlines the objectives, plans, execution strategy, financials, and expected outcomes of a project. It serves as a roadmap for businesses, entrepreneurs, and organizations to evaluate project feasibility and secure funding or approvals
A CMA (Credit Monitoring Arrangement) Report is a detailed financial report required by banks and financial institutions when a business applies for loans or working capital. It provides a clear picture of the company’s financial health, performance, and repayment capacity.
Company Internal Audit at Site is a comprehensive examination of a company’s operations, records, and compliance conducted directly at the workplace or project location. The purpose is to evaluate the effectiveness of internal controls, ensure adherence to policies, and identify areas for improvement.
A Balance Sheet is a vital financial statement that reflects the financial position of a business. Depending on the purpose, businesses may require Provisional, Estimated, or Projected Balance Sheets.
