MGT Accounting

Financial statements

Audited financial statements

The importance of audited financial statements in 2023

Audited Financial Statements are necessary for any business looking to thrive in South Africa – but do you know how they can be used to benefit your company?  Rather than just being an obligatory component of the legal requirements, Financial Statements provide greater insight and knowledge into understanding financial performance. So get ready because we’re about to explore what makes them so essential. What are Financial Statements? Financial statements are a collection of summary-level reports …

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Financial statements

7 Users of Financial Statements that You Should Know

Did you ever wonder why your company has to prepare financial statements annually? This month’s blog will help explain the importance of preparing annual financial statements and highlight some generally accepted principles accountants usually observe when drafting financials.   But first, let’s start by answering this crucial question: Why do financial statements matter? Financial statements are crucial for all businesses, regardless of size or industry. They provide up-to-date, accurate, and detailed information about the business’s financial …

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