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financial statements

5 key principles of financial reporting for businesses

Financial accountability is one of the main conditions for businesses to be successful. Accurate and transparent financial reporting allows for accurate analysis of past activities and more accurate next steps based on these analyses. Transparent and well-prepared financial statements also attract more attention from investors, lenders and other stakeholders. Accurate display of income and expenses parties...

Preparation of financial statements of public legal entities 

Financial statements of public legal entities are drawn up in accordance with International Financial Reporting Standards (IFRS). Accounting is carried out in accordance with these standards according to the accounting rules approved by the relevant executive authority. The Management Board of the Central Bank of the Republic of Azerbaijan determines the rules of accounting in the central bank of the Republic of Azerbaijan. How are financial statements prepared? By the state and municipality...

Preparation of financial statements

It is necessary to go through various stages for the preparation of financial statements. In this article, we talked about these stages and the importance of financial statements. Why is it necessary to prepare financial statements? Financial statements are important documents for measuring the financial and economic performance of a company. Financial reporting, measuring the company's financial health, tracking income and expenses, minimizing expenses and properly planning, organizing revenue growth,...

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We work for you
Development is inevitable
Our mission is to help entrepreneurs who want to develop their business, protect it from external influences, and ensure the success and sustainability of their future activities in the areas we are professionals.
Our offices
Where are we?
https://www.macisconsulting.az/wp-content/uploads/2020/04/img-footer-map.png
Baku
Just a click away
We on social media
You can get useful information for your business by following our social media accounts.

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