Financial Accounting

 

FINANCIAL ACCOUNTING

Financial accounting involves the preparation of your company accounts at the end of the business year. It serves a number of functions:

• Forms the basis for completing your tax returns to the Revenue Commissioners
• Forms the basis of abridged accounts for the Companies Registration Office (if operated through a limited company)
• Provides a bank or financial institution with official information on your business operation for the previous year
• Provides you with a record of how your business has performed over the last 12 months so you can make informed decisions about future growth and strategic direction