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Follow on Google News | Financial Statements & Directors ReportThe Directors are responsible for preparing financial statements for each financial year in accordance with the Financial Reporting Standards (FRSs) and general accounting practice.
By: Rikvin ■selecting and applying suitable accounting policies ■preparing financial statements in line with the International accounting standards ■presenting information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information ■providing additional disclosures to enable clear understanding of transactions, other events and conditions on the entity’s financial position and financial performance -Companies are legally obliged to include a Directors Report in their annual financial statement. The report must give a fair review of the company’s financial and operational results and condition and also include additional information such as dividend recommendation, reserved earnings, details of directors and their interest, principal risks and uncertainties etc. - Directors Report is an important communication medium for a company to interact with various interest groups such as investors, creditors, government bodies, business analysts etc. Therefore it is essential to ensure that the report includes all the relevant information succinctly yet without any ambiguity. Rikvin can help you draft a Directors Report that is fairly simplified yet comprehensive in addressing the key elements. # # # Financial Statements & Directors Report by Rikvin Pte Ltd http://www.rikvin.com/ End
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