Financial Statements

For a business enterprise, all the relevant financial information, presented in a structured manner and in a form easy to understand, are called the financial statements. They are often required for the following situations,

  • File corporation tax
  • Make important business decisions by owners and managers
  • Request a business loan through banks and other lending companies
  • Apply for credit through vendors
  • Attract investors and potential buyers
  • CRA auditing

Financial statements should be understandable, relevant, reliable and comparable.

Triple J Canada Consultants can help to prepare all four basic financial statements:

  • Balance Sheet (Statement of Financial Position)
  • Profit and Loss statement (Statement of Comprehensive Income)
  • Statement of Changes in Equity
  • Statement of cash flows  (not required for corporation tax filing, extra charge apply for this)