Preparation of Financial Statements

Preparation of Financial Statements

Annual financial statements need to be prepared for all types of entities. Typical users of financial statements include the members, financial institutions (banks) and the South African Revenue Services. Our qualified accountants ensure that annual financial statements are prepared in the prescribed manner and in terms of the relevant accounting practices.

We are familiar with all the relevant accounting standards generally used on South Africa:

* International Financial Reporting Standards (IFRS)
* Standard of Generally Recognised Accounting Practice (GRAP)
* International Financial Reporting Standards for Small and Medium-sized entities (IFRS for SME’s)
* South African Standards of Generally Accepted Accounting Practice (SA GAAP)

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