At MBN Audit, we understand that Financial Statements are not just a reflection of your business’s financial position—they are crucial tools for making strategic decisions, securing financing, and maintaining transparency with stakeholders. Whether you need to meet regulatory requirements, inform investors, or assess the health of your business, our Financial Statements Services provide the clarity and accuracy you need to understand and manage your company’s finances.

Our team of skilled accountants and auditors prepares reliable, compliant, and comprehensive financial statements tailored to the unique needs of your business. From startups to large enterprises, we help you ensure that your financial statements are not only accurate but also insightful, providing the information needed to drive growth, attract investment, and maintain operational efficiency.

What We Offer:

1. Balance Sheet Preparation

The Balance Sheet provides a snapshot of your company’s financial position at a specific moment in time, detailing your assets, liabilities, and equity. Our team ensures that your balance sheet:

• Accurately reflects your assets (both current and non-current), such as cash, accounts receivable, inventory, property, and equipment.
• Lists your liabilities, including accounts payable, long-term debt, and other obligations.
• Highlights the equity portion, showing the value attributable to the business owners or shareholders.

We prepare a clear, concise balance sheet that gives you a comprehensive overview of your company’s financial standing, helping you assess liquidity, leverage, and capital structure.

2. Income Statement (Profit & Loss Statement)

The Income Statement (or Profit & Loss Statement) summarizes your company’s revenues, expenses, and profitability over a specific period. Our experts will ensure that your P&L statement:

• Accurately reflects your revenue streams, whether from product sales, services, or other business activities.
• Captures all business expenses, including the cost of goods sold (COGS), operating expenses, taxes, interest, and depreciation.
• Provides a clear view of your business’s profitability (or losses) over the reporting period.

A well-prepared income statement is vital for assessing your business’s operational efficiency, pricing strategies, and profit margins, and it forms the basis for your financial forecasting and decision-making.

3. Cash Flow Statement

The Cash Flow Statement tracks the inflow and outflow of cash within your business over a specified period. It shows how cash is generated and spent across three key activities:

• Operating Activities: Cash flow from the core operations of your business, including receipts from sales, payments to suppliers, and employee wages.
• Investing Activities: Cash flow from the buying and selling of assets like property, equipment, or investments.
• Financing Activities: Cash flow related to external funding, such as loan proceeds, repayments, or equity investments.

Our team ensures that your cash flow statement provides critical insights into your company’s liquidity and ability to meet short-term obligations while maintaining smooth operations.

4. Statement of Changes in Equity

The Statement of Changes in Equity outlines the movements in your business’s equity over the reporting period, reflecting changes due to:

• Owner Investments: Contributions made by shareholders or business owners.
• Net Profit or Loss: The impact of the profit or loss reported in the income statement.
• Dividend Payments: Any distributions made to shareholders.
• Other Adjustments: Revaluation of assets, foreign exchange adjustments, or other changes affecting equity.

This statement provides a clear picture of how your company’s financial performance impacts its overall value and shareholder equity, helping you maintain transparency with stakeholders.

5. Notes to Financial Statements

Notes to the Financial Statements provide additional context and detail to the financial statements, explaining the methods and assumptions used in preparing the financial data. This includes:

• Accounting Policies: A description of the principles, methods, and standards used in preparing the financial statements.
• Disclosures: Detailed information on assets, liabilities, income, and expenses, including any significant transactions or events that might impact your financial position.
• Contingencies and Risks: Information on potential risks or contingencies, such as pending litigation or regulatory issues.

These notes are important for providing transparency, improving understanding, and enhancing the credibility of your financial reports, especially for investors, auditors, and regulatory bodies.

6. Consolidated Financial Statements

For businesses with subsidiaries or holding structures, we offer Consolidated Financial Statements that combine the financial information of your parent company and its subsidiaries. This includes:

• Consolidation of Revenues and Expenses: Combining the income, expenses, and net income of your parent company and subsidiaries to provide an overall picture of your group’s financial performance.
• Elimination of Intercompany Transactions: Adjusting for any intercompany transactions (e.g., sales between subsidiaries) to avoid double counting.
• Consolidated Balance Sheet: Presenting the group’s total assets, liabilities, and equity as a whole, rather than on an individual entity basis.

We ensure that your consolidated financial statements comply with regulatory standards and provide accurate information about the overall financial position of your business group.

7. IFRS-Compliant Financial Statements

If your business operates internationally or reports under International Financial Reporting Standards (IFRS), our team ensures that your financial statements meet these global standards. We assist with:

• IFRS Conversion: Converting your financial statements to IFRS-compliant formats, ensuring consistency and comparability for international investors and stakeholders.
• IFRS Advisory: Offering guidance on the application of IFRS standards, including revenue recognition, financial instruments, leases, and employee benefits.

Our experts ensure that your financial statements are aligned with the highest international accounting standards, giving you confidence in your global operations.