Financial Statements
It is necessary for every company to produce a set of financial statements which include a balance sheet, a profit and loss account, a cash flow statement and a statement of retained earnings. These financial statements are essential tools for the management of the company and provide vital information about the health and viability of the company. These financial statements are produced during the fiscal year of the company, the start of which is decided at the conception of the company. Each year is split into four quarters.