A substantial and accurate financial reporting system is particularly important in modern management and operation decisions. For instances, which kind of financial reporting system is most reasonable and cost saving? How could an enterprise rapidly and fully transmit important information about cost control, financial risk and human resources? How could an enterprise analyze all kinds of information for management decision? These questions have become the concern of management in various enterprises.
Sino Corp can formulate accurate financial reporting system for an enterprise through many years of experience focusing on preparing financial report.
The following points shall be noted in preparing financial reporting system
- Enterprise's external environment, including industry, geography, laws, economy and culture, etc.
- Reasonable setup and evaluation of internal control and management flow
- Application of modern information technology
- Assessment of cost of reporting system
- Contemplation of suitable practicable scheme of reporting system, including implementation step, manpower and relevant forms, etc.
- Continuous examination and improvement