Services
Financial Consulting
Business owners need a clear view of cash flow, costs and financial position to plan ahead. This service covers analysis of financial data, budgeting and forecasting, and review of financial processes, on the basis of the records provided.
What the service covers
- Cash-flow analysis and forecasting
- Budgeting and review of variances
- Cost analysis
- Review of financial reports and MIS
- Working capital review
- Project reports and CMA data for loan applications
- Review of financial controls and processes
Documents typically needed
- Financial statements for recent years
- Monthly books or MIS reports
- Bank statements and loan details
- Existing budgets or forecasts, if any
- Details of receivables, payables and inventory
- Business plan or project details, for project reports
Questions
- Is this service for one-time or ongoing needs?
- Either. An engagement can be a one-time review or a periodic one, depending on the requirement.
- What are a project report and CMA data?
- A project report describes a business or project, its cost, the means of finance and projected financial statements. CMA (Credit Monitoring Arrangement) data is a standard format of financial information commonly requested by banks for credit assessment.
- What information is needed to begin?
- Recent financial statements and records of income and expenses are usually the starting point. The list depends on the purpose of the engagement.