Accounting based on IAS & IFRS

• Book-keeping: Maintains detailed and accurate records of all financial transactions, organizing them in a systematic manner to support financial tracking and reporting.
• Payables & Receivables Reconciliations: Matches and verifies all incoming and outgoing payments to maintain accuracy in balances and detect any discrepancies early.
• Third-party Aging Reports: Monitors outstanding balances with suppliers or clients by tracking aging debts, helping manage collections and cash flow more effectively.
• Bank Reconciliations: Compares bank statements with internal financial records to ensure accuracy and identify any potential issues with transactions.
• Asset Inventory: Maintains a record of the firm's assets, including their condition, location, and value, to aid in financial planning and auditing.
• Payroll Schedules: Creates and manages schedules for payroll, ensuring timely and accurate payment of salaries, along with appropriate deductions.
• Tax Computation: Calculates tax liabilities accurately in line with local laws, helping clients meet their obligations while optimizing tax efficiency.
• Pay Slips: Provides detailed pay slips to employees, showing salary breakdowns, deductions, and net pay for transparency.
• Budgets & Forecasts: Assists in preparing financial budgets and forecasts, enabling clients to plan and manage their finances effectively.
• Financial Analyses and Ratios: Analyzes financial performance through key ratios, providing insights into profitability, liquidity, and operational efficiency.

Preparation of Financial Report based on IAS & IFRS

• Financial Position: Provides a snapshot of the firm's assets, liabilities, and equity, illustrating its overall financial health at a specific point in time.
• Comprehensive Income Statement: Details all income and expenses, highlighting the firm’s net income and profitability over a period.
• Cash Flow: Tracks cash inflows and outflows, giving insights into liquidity and cash management.
• Change in Equity: Shows changes in the firm's equity over a period, reflecting profits, losses, and other adjustments.
• Notes of the Financial Statement: Provides additional context and explanations to support figures in the financial statements, enhancing clarity and transparency.