Unlock the power of your financial data with MIS reporting services
Timely financial MIS reports help you know the pulse of your business. You can take corrective and preventive actions to achieve your business goals. Here’s where OATS comes in. We prepare reports that help you in evaluating the business results, track budget v/s actual achievements and monitor key performance indicators (KPIs) objectively.
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What We offer
Benefits of Financial Reporting and MIS Services
- Reports as per Indian GAAP, Ind AS, or IFRS or US GAAP for stand-alone entities or consolidated groups.
- Easy forecasting with detailed performance-based metrics.
- Better analysis of your financial statements.
- Get access to useful MIS system for enhanced decision making.
- Process documentation checklists & monthly quality reviews.
Financial reporting consists of the following elements:
- Statement of Financial Position (Balance sheet)
- Statement of Profit and loss
- Statement of Comprehensive income
- Statement of Changes in Equity
- Explanatory notes and schedules
- Bank reconciliation statement
- Receivables and Payables age analysis
Business owners, CEOs, CFOs, and other management use financial data to plan and change strategies. Investors, analysts, lenders, and government agencies use the three major financial statements to assess a firm’s financial health.
The financial statements can only be created by those who have the appropriate expertise and experience. Balance sheet shows the financial position of the company- its assets, liabilities and the net worth. Statement of profit and loss describes the revenue, expenses including the tax expenses and the profit or loss. Statement of cash flows shows how the business is generating and utilising the cash. Other supporting reports such as bank reconciliation, explanatory notes help in better understanding of the numbers and internal controls.