Financial accounting preparation services

A financial statement is a structured financial picture of a company’s financial position that is prepared based on accounting data.

The financial statements consist of the following components (forms):

• Accounting balance;

• Profit/loss accounting;

• Reporting changes in equity;

• Cash flow reporting;

• Explanatory notes.

The information contained in the financial statements allows its customers to be aware of the financial condition of the company.[br]The main users of financial accounts are Company management; Founders; Creditors, Accounting, Reporting and Auditing Supervision services; Investors and others.

In the Accounting, Reporting and Auditing Supervision Service, all categories of enterprises (including third and fourth category enterprises) following the legal requirements set by the above service, offer financial reporting form preparation services to International Accounting Standards (IAS), International Financial Reporting Standards (IFRS). International Auditing Standards (IAS) and the requirements of Georgian legislation.