3 Different Kinds Of Financial Reporting - PPT
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3 Different 
Kinds Of 
Financial 
Reporting
Prepared by
Thakur Chabert Limited
Introductio 3 Different Kinds Of 
n Financial Reporting And 
FWinhanyc iTalh repyo rMtinagt atendr analysis are 
crucial to assuring the success of 
your company and its executive 
team, as well as regulatory 
compliance. As a result, it is a crucial 
job in any business, large or small. 
But, Financial reporting in London 
comes with so many various financial 
reporting standards and 
methodologies to choose from, how 
can you determine which one to use? 
The solution is in knowing the 
differences between GAAP, IFRS, and 
GDPR (just announced) financial 
reporting techniques.
So, first and foremost, let us define 
financial reporting and analysis.
Financial reporting is a 
corporate process that involves 
gathering and conveying 
financial information to 
shareholders, stakeholders, and 
oFitnhaencr iainl tsetarteesmteednt sp parrotvieidse. detailed 
information about a company’s 
financial condition throughout time 
and help businesses augment their 
financial resources and efficiently 
manage generated revenues.
Financial reporting and analysis are 
essential components of the entire financial 
analysis performed by various commercial 
entities in London and throughout the 
world.
Benefits 
of 
Before we can comprehend how 
Financial businesses utilize financial reporting, we must first understand why they do so.
Reporting Business is really about trust. If you are considering working with or investing in a new company (and 
who isn’t? ), you must ensure that it is stable and 
and sustainable. You want to know that if your demands change or their products no longer sell well, they will 
be able to adapt and continue to provide excellent 
Analysis value. They must be able to demonstrate to investors and other stakeholders (such as workers) that they 
will always be present; audited financial statements 
are an excellent
Some of the • It helps in managing your 
Key benefits Debt.
financially- • It helps in tracking past 
and future trends.
based • It also helps in managing 
reporting your liabilities.
and • It helps in ensuring that 
your firm is making 
analytics progress.
are: • It helps in maintaining 
stable Cash Flows.
3 Methods 
Of 
Financial 
Reporting 
TIhnaku r LChoabenrt Ldimitoed n.
GAAP (Generally Accepted Accounting Principles)
GAAP is a set of accounting principles, rules, 
and processes that are required by law to 
provide investors with transparency. GAAP is 
applied to publicly traded corporations or 
firms whose securities are traded on an 
exchange.
IFRS (International Financial Reporting Standards)
The International Financial Reporting 
Guidelines (IFRS) are a collection of standards 
that regulate all financial reporting by public 
businesses, private firms for fundraising, 
certain not-for-profit organisations, and other 
entities that submit financial statements with 
a government authority. The International 
Accounting Standards Board sets IFRS 
standards (IASB). It is used as an international 
standard to improve the comparability of 
financial reports made in various nations.
GDPR(The General Data Protection Regulation)
The General Data Protection Regulation 
(GDPR) is a regulation of the European Union 
that supersedes the Data Protection Directive 
95/46/EC. It was created to unify data privacy 
regulations across Europe, to safeguard and 
empower all EU individuals’ data privacy, and 
to redefine how enterprises in the area view 
data privacy. It will also have an impact on all 
those outside of Europe that process personal 
information from within Europe.
If accounting or financial difficulties are 
impacting your firm or simply requiring 
too much time or effort, Thakur-
Chabert Limited can be relied on to 
provide prompt and dependable 
support. 
We are a London-based qualified 
accounting and auditing business.
Do you Phone Number Email Address
+44(0)7846519144, info@thakur-
have any (0)1895439444 chabert.com
questions Websitewww.thakur-
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