We Provide Monthly Financial Reporting to Clients
This includes 3 basic statements; Income Statement, Balance Sheet and Reconciliation Reports of all asset accounts.
Other reports that Wiley Financial can provide to our clients include the following:
- External financial statements (income statement, statement of comprehensive income, balance sheet, statement of cash flows, and statement of stockholders’ equity)
- The notes to the financial statements
- Press releases and conference calls regarding quarterly earnings and related information
- Quarterly and annual reports to stockholders
- Financial information posted on a corporation’s website
- Financial reports to governmental agencies including quarterly and annual reports to the Securities and Exchange Commission (SEC).
Our services relating to the financial reporting process are as follows:
- Preparation of templates of financial statements and integrated reports
- Assistance at various stages of period-end close
- Compilation of financial statements
- Optimizing reporting processes.
The use of tools and models to support financial reporting
We support our clients in developing and implementing tools used in the financial reporting process. We assist in the preparation of complex calculation used in the process of preparing the financial statements, e.g. calculation of impairment charges, accounting for long-term contracts, accounting for financial leases, capitalization of financing costs and accounting for investments or conversion into the presentation currency.
Preparation of templates of financial statements and integrated reports
We help our clients in the preparation of templates of financial statements tailored to specific business circumstances, accounting standards’ requirements and requirements imposed by capital groups . We offer our support in preparation of separate and consolidated financial statements.
Optimizing Financial Reporting Processes
We help our clients meet the expectations of stakeholders in respect of reliable, transparent and useful financial information. We advise on how to improve the systems and processes of financial reporting in order to maintain an appropriate balance between efficiency, risk and control in terms of providing adequate and compliant financial information. We analyze the existing reporting processes, identify areas for improvement and propose appropriate changes. We support the process of consolidation and preparation of the consolidation model as well as tools used in the process.