The 3 Different Ways of Financial Reporting and Analysis

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The 3 Different Ways of Financial Reporting and Analysis Financial reporting and analysis play a critical role in ensuring the success of your business and its executive team and helping to ensure regulatory compliance. This makes it an essential function in every organization, whether big or small. But when you’re faced with so many different regulations and methods of financial reporting, how do you know which method to use? The answer lies in understanding the difference between GAAP, IFRS, and GDPR (newly released) methodologies used in financial reporting.

What is Financial Reporting and Analysis? Financial reporting is a business process that involves taking financial data and communicating it to shareholders, stakeholders, and other interested parties. Financial statements contain specific information about a company’s financial situation over a period of time.

Benefits of Financial Reporting and Analysis Before we understand how companies use financial reporting, it’s important to understand why they do so. At its core, business is really about trust. If you are thinking about working with a new company or investing in one (and who isn’t?), you have to be sure that it is solid and sustainable. You want to know that if your needs change or their products stop selling well, they will be able to adapt and keep offering great value. They have to be able to show investors and other stakeholders (like employees) that they will always be around; a great


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