Financial reports
Financial reports are a pivotal tool in the business world, as they provide a clear picture of an entity's financial performance over a specific period. These reports include a set of essential financial statements containing critical data that help stakeholders (such as investors, management, and regulatory authorities) assess the financial position and make strategic decisions.
Financial Financial Reports A pivotal process carried out at the end of the financial period or accounting year, where financial and non-financial data are systematically presented. related to the facility's performance and financial position. These reports are submitted to Relevant stakeholders To enable them to make informed decisions that achieve the organization's strategic objectives.
Financial reports serve as a window into the financial status of any organization, as they are official documents that reflect the company's financial performance over a specific period of time. These reports are prepared in accordance with international accounting standards to ensure their accuracy and reliability.
Financial reports types
Financial reports vary according to the needs of organizations and stakeholders, and include the following main types:
- Annual Financial Reports Include audited and approved financial statements that provide a comprehensive assessment of the company’s financial performance over the year.
Quarterly (Seasonal) Reports: Issued every three months, allowing for regular monitoring of performance.
Monthly Reports: Provide quick updates on the financial status, focusing on key financial indicators.
Cash Flow Reports: Track the movement of incoming and outgoing cash and analyze the sources and uses of funds.
Balance Sheet Reports: Present the company’s assets and liabilities and show shareholders’ equity.
Income Statement Reports: Display revenues and expenses and determine the net profit or loss.
At Tarik Al Amal Alalmia Company, we offer consulting services in the field of Zakat and taxation, including:
- Providing tax and Zakat advice to companies and individuals in accordance with local and international regulations.
- Ensuring that companies’ accounting systems comply with tax and Zakat regulations, and offering the necessary guidance to ensure compliance.
- Offering tax and Zakat planning services to manage tax and Zakat liabilities effectively.
- Assisting in the preparation and submission of required tax and Zakat reports, and responding to any inquiries or additional requirements from government authorities.
- Providing the necessary support for companies to handle tax and Zakat transactions and resolve related disputes.
- Delivering the tax and Zakat knowledge needed by companies and individuals to enhance compliance with applicable regulations.
