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Financial Statement Preparation & Analysis

Overview

Accurate and timely financial statements are the foundation of informed business decisions, compliance, and strategic growth. Whether you’re a startup, SME, corporate entity, trust, or society, having clear visibility into your financial performance is non-negotiable. At Alpviram Legal, we specialize in end-to-end financial statement preparation and deep-dive financial analysis for all forms of entities.

Why Financial Statements Matter

Financial statements provide a clear snapshot of a business’s financial health. They’re essential for:

  • Meeting statutory and tax compliance requirements

  • Presenting accurate reports to stakeholders, banks, investors, or regulators

  • Planning budgets, forecasting, and performance evaluation

  • Ensuring transparency and accountability, especially for NGOs, trusts, and societies

Our Offerings

We tailor our services to fit the needs of different business structures:

1. For Sole Proprietorships
  • Preparation of Profit & Loss Account, Balance Sheet, and Cash Flow Statements

  • Simplified statements for tax filing and personal financial planning

  • Monthly/quarterly MIS reporting for decision-making

2. For Partnerships & LLPs
  • Preparation of Partner-wise Capital Accounts and fund allocation statements

  • Comprehensive analysis of partner contributions, drawings, and profit-sharing

  • Assistance with compliance under the Indian Partnership Act / LLP Act

3. For Companies
  • Full set of AS and Ind AS-compliant financial statements

  • Preparation of:

    • Balance Sheet

    • Statement of Profit & Loss

    • Cash Flow Statement

    • Statement of Changes in Equity

    • Notes to Accounts

  • Comparative year-on-year analysis for board meetings, ROC filings, or investor decks

4. For Trusts and Societies
  • Preparation of Receipts & Payments Accounts, Income & Expenditure Accounts, and Balance Sheets

  • Compliance with Income Tax Act provisions for 12A, 80G, and FCRA

  • Custom reporting for grant utilization and donor transparency

Financial Analysis Services

Alongside statement preparation, we offer expert analysis that provides insights beyond numbers:

  • Ratio Analysis (Liquidity, Solvency, Profitability)

  • Trend & Variance Analysis

  • Fund Flow and Cash Flow Interpretation

  • Working Capital Assessment

  • Cost Structure and Breakeven Analysis

  • Business Valuation Support

Frequently Asked Questions

What are Accounting Standards?

Accounting Standards are written policy documents consisting of principles and guidelines for recognising, measuring, presenting, and disclosing accounting transactions or events in the financial statements.

Accounting standards improve the transparency in financial reporting and reliability of Financial Statements and make them comparable. They also prevent fraud and Accounting manipulations.

What is a Cash Flow Statement, and who is required to prepare it?
What are projected financial statements and how are they helpful?

Projected Financial Statements are financial statements based on the estimation after considering past financial trends, market conditions, probable changes and management expectations to arrive at a future financial picture.

Projected financial statements help plan for the future. Projected financial statements are the way to review the possible outcomes before making a decision.

What is payroll and why is it important?

Payroll can be defined as the process of providing compensation to employees for the work they perform on behalf of their organisations.

It is one of the most important aspects of a business as it affects employee morale and reflects a business’s financial stability and reputation. Errors in paychecks or untimely payments can create a lack of trust among employees. But when the compensation is accurate and delivered on time, employees are more engaged and motivated.

What is the difference between an accountant and a bookkeeper?

Bookkeepers focus on recording and organizing financial transactions, while accountants analyze and interpret financial data, prepare financial statements, provide financial advice, and contribute to strategic decision-making

Why is accounting important for businesses?

Accounting plays a crucial role in business by providing financial information that helps in decision-making, assessing profitability, managing cash flow, meeting legal and tax obligations, attracting investors, and ensuring transparency and accountability.

How does outsourcing accounting enhance internal controls and reduce fraud risk?

When most accounting functions are handled by a few individuals within the organization, the risk of fraud increases. Outsourcing accounting services to a third party adds an extra layer of control and reduces the potential for fraudulent activities. Professional firms implement robust internal controls to safeguard financial operations. 

Why are financial reports important for businesses?

Financial reports serve multiple purposes for businesses. Shareholders rely on them to make decisions about their investments, prospective investors assess a company’s potential for success, and lenders use them to evaluate an organization’s ability to repay debts. These reports provide valuable insights into the financial health and performance of a business.

How can accounting firms assist with preparing valuable reports?

Accounting firms help businesses prepare financial reports and presentations for investors and companies. They specialize in creating cash flow statements, profitability statements, and return on investment reports. These reports provide crucial information for decision-making, investment analysis, and obtaining funds from lenders.

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