Shenzhen Financial Report Service
Hotline: 86-755-82143348 Email: amyhuang@citilinkia.com, info@citilinkia.com
A financial report (financial statement) is a formal record of the financial activities of a business, person, or other entity. When you create a financial report, expenditures are itemized and total receipts are recorded every month. At the end of the fiscal year, an annual report is easy to create. The foreign companies in Shenzhen are required to create a Chinese financial report. A financial report helps business owners analyze profit and loss and is necessary to obtain financing. Prospective investors make use of financial report to assess the viability of investing in a business. Financial analyses are often used by investors and are prepared by professionals (financial analysts), thus providing them with the basis for making investment decisions.
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Shenzhen financial report contents
The Shenzhen financial report typically includes four basic financial statements, accompanied by a management discussion and analysis:
1. A balance sheet, reports on a company's assets, liabilities, and ownership equity at a given point in time.
2. Profit and Loss statement (or a "P&L"), reports on a company's income, expenses, and profits over a period of time. A Profit & Loss statement provides information on the operation of the enterprise. These include sale and the various expenses incurred during the processing state.
3. Changes in Equity: explains the changes of the company's equity throughout the reporting period
4. Cash flows Statement: reports on a company's cash flow activities, particularly its operating, investing and financing activities.
Shenzhen Financial Report Functions
1. Providing Information Useful in Making Investment and Credit Decisions
2. The objective of general purpose external financial reporting is to provide information that is useful to present and potential investors and creditors and others in making investment, credit, and similar resource allocation decisions.
3. To help achieve its objective, financial reporting should provide information to help present and potential investors and creditors and others to assess the amounts, timing, and uncertainty of the entity’s future cash inflows and outflows (the entity’s future cash flows).
4. To help present and potential investors and creditors and others in assessing an entity’s ability to generate net cash inflows, financial reporting should provide information about the economic resources of the entity (its assets) and the claims to those resources (its liabilities and equity). Information about the effects of transactions and other events and circumstances that change resources and claims to them is also essential.
Contact us
ATAHK，which belongs to Tanner Group Limited, is a diversified international company with a professional team of lawyers and accountants. ATAHK Finance and Taxation Service Centre provides the investors with a basic and advanced financial services, including the preparation of financial report, financial due diligence and so on. For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82143422, 86-755-82143512, or emailing to anitayao@citilinkia.com.