Profit Reporting
Accurate and understandable profit reporting can be the key to creating further profit in the future. Understanding sources of profit and loss, seeing future opportunities and being aware of threats to profitability are all vital if a company is to thrive.
A full service
Benefits for all
Selecting the best
A full service
We advise many European assurance companies and savings companies in different forms of profit reporting: embedded and appraisal values, statutory reporting, US GAAP and International Accounting Standards.
We offer a wide range of services including:
- Reviewing and signing off reported results to a level sufficient for external publication where appropriate
- Assisting in interpreting and applying regulations and assistance in achieving best practice
- Advising on key calculation bases and assumptions, based on your business and wider market practice
- Advising on interpreting results, analysing sources of profit and loss and sensitivity testing
- Advising on improved profitability or minimising fluctuations in performance and exposure to external risks
- Designing and implementing remuneration schemes which accurately reflect added value and encourage behaviours which maximise value
- Designing and programming the calculation systems, data modelling and output reports either on our Prophet system or your existing system
- Help in designing systems, data and checking procedures
- Assisting with communicating results to internal and external audiences, both technical and non-technical
- Helping to incorporate results into a coherent financial management information system, or a broader ‘balanced scorecard’ approach
- Evaluating and modelling alternative business plans and actions
Benefits for all
The benefits of profit reporting are wide ranging. Here are just a few:
- It is important for complying with statutory reporting requirements
- It means you can be objective about performance measurement and accurate about reporting your profits
- It gives new insights into sources of profit and loss and the key opportunities and threats to corporate profitability
- It can provide incentives for your management and staff
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For clients operating globally, it can assist in implementing common standards and bases of management
In brief, the information provided by profit reporting can lead to improved decision making and therefore greater profitability in the future.
Selecting the best
We have many years’ experience in all forms of profit reporting. Our team are highly regarded in this field and have produced research papers and take part in the latest professional working parties.
Our worldwide network ensures that we keep up to date with developments around the world and we have access to local experts on different reporting methods.
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