Having access to critical financial information for strategic decision-making is important in driving business success. At CoBiz, we specialise in full-set accounting to assist you with the timely preparation of financial statements in compliance with the statutory reporting standards.
More importantly, we also provide expert advice to help you read, interpret and analyse the figures of the financial statements. This in turn will give you a complete picture of the health and performance of your finances, thus allowing you to make better decisions to yield the best outcomes.
What We Do For You
Our financial statements are prepared in accepted accordance with accounting standards issued by Malaysian Accounting Standards Board (MASB) and maintained in computerised accounting systems.
Preparation of Management Accounting & Financial Statement
- Profit & Loss Statement - A summary of your revenues and expenses over a period of time.
- Balance Sheet - A summary of your business’ worth in terms of what it owns and owes over a period of time.
- Cash Flow Statement - A summary of your financial position in terms of cash received and paid out of the company.
- Notes to the financial statements - Disclosure of information on accounting policies, future events as well as figures as collectively reported by all the statements above.
Customised Management Reporting & Analysis
Learn more from your data through cross-examination of business intelligence, KPIs, and financial reporting data.
Variance Analysis
Compare the results of your plans against the actual results to gain a more precise understanding of your organisation’s real performance.
As per Malaysia’s Companies Act, company directors have a statutory responsibility to prepare an annual financial statement for their company, regardless of whether it is exempt from audit.
Financial statements also facilitate:
- Data-driven financial decisions
- Declaration of income for filing income tax
- Company value assessment to seek investor funding or government grants and incentives
