The main objective of book keeping and accounts management is to produce reliable reports that can be easily understood and transparently interpreted. Such reports illuminate the way for management to implement proper and fair decisions for driving business efficiently and safely.
Financial Reporting is a structured process aims at communicating performance at all areas of the company to high level management and shareholders.
Financial Reporting should ensure supportive documentation, fairness in recording, transparency of financial data, compliance with rules, laws, standards and company’s policies.