Enterprises pay attention to the analysis of their financial statements and
rely on periodic financial reports, in order to avoid any losses with the
possibility of increasing the profitability opportunity. Therefore, accurate
and timely financial reporting is of great importance for taking
appropriate decisions.
The financial reports are considered one of the most important outputs of
the organization’s accounting system because of the accuracy and detail
of the entity’s financial information. The financial reports clarify the
following points:
Determining the financial and commercial capacity to avoid any losses
and increase profits.
Determine and detail the company’s debt and its ability to pay it.
Determining the financial ratios and comparing them to the business
sector of the entity.The specialized parallel team works to prepare and develop the facility’s
financial reports in a beneficial way to take decisions from the entity’s
executive management.