Financial statements cannot be useful if they are based on unreliable and inaccurate recordings of transactions. There is no greater example of the garbage in, garbage out principle than financial statement preparation. The problem is that financial statement users cannot usually assess the presence of garbage simply by reading the statements. The statements may look fine, but in reality, be riddled with inaccuracies.

CEO and CFO are responsible for making sure its financial statements are fairly stated. 

Sunday, 07 September 2014 00:00

How Reliable is your Financial Statements?

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Efficiency in financial reporting is important for any organization to gain a competitive advantage. Financial reporting and analysis involve the preparation of different kind of reports and the analysis of the data to determine the financial health of a company. Financial statements cannot be useful if they are based on unreliable and inaccurate recordings of transactions. There is no greater example of the garbage in, garbage out principle than financial statement preparation. The problem is that financial statement users cannot usually assess the presence of garbage simply by reading the statements. The statements may look fine, but in reality, be riddled with inaccuracies.

Sunday, 07 September 2014 00:00

Why outsource financial reporting services?

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Financial reporting is critical for any organization. Financial reporting involves the collection, analysis, summarization and presentation of the financial information of a business.

Outsourcing financial reporting services can give your organization access to the following benefits -

  • Save on the time involved in analyzing and preparing financial reports
  • Avoid spending money on costly financial reporting software
  • Improved and efficient decision making
  • Accurate and error-free analysis of data

 

About Us

JLVerar CPA, PLLC is not just your average Accountant. We are committed to providing close, personal attention to our clients. We take pride in giving you the assurance that the personal assistance you receive comes from years of advanced training and technical experience. Our continual investment of time and resources in professional continuing education, computer technology, and business relationships is indicative of our commitment to excellence.

 

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