Accounting systems and financial reporting
The focus of formulation of accounting systems is to ensure greater transparency in financial data, address accounting issues arising from complex business transactions and harmonization with Global Accounting practices in the legal frame work of accounting principles and accounting standards. With greater attention by various regulators and other stakeholders in ensuring compliance with the accounting standards by enterprises, knowledge of all the developments in the field of accounting standards is crucial for all concerned with accounting. The interest in accounting standards which lay down sound and wholesome accounting principles has assumed greater significance.
And to accomplish this, we render a range of services from organizing the accounting office/section, developing job descriptions, specifying and elaborating with chart of accounts, preparing accounting work and implementation of accounting software. We assist in providing an accounting system, compilation of financial data with month end financial results consolidation, financial and business analysis budgeting and forecasting, cash application, bank and other reconciliations, orders and sales management and accounts payables and receivables, credit and collections payroll & billing, asset accounting management, income statements and reports such as the Trial Balance, the Profit and Loss, Balance sheet, cash flow statements, management reports, sales reports and other accounting journals and reports. So also we outsource accounting assignments manned through our team of expertise.
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Khazraji is one of the leading providers of auditing & accounting services