Welcome to Mabstac, LLC | Anything Accounting
- Call us: (703) 828-2336
- Mail US : info@mabstac.com
- ADD US : Mabstac, LLC
- Call us: (703) 828-2336
- Mail US : info@mabstac.com
- ADD US : Mabstac, LLC
Financial Statements Preparation
Mabstac, LLC has years of experience working with private entities, state and local governments, retirement systems, educational institutions, and other funds. We possess the technical skills and depth of knowledge required to assist in the preparation of timely and high-quality financial statements. Our team of professionals have extensive audit background and are experienced in both US GAAP (FASB, GASB) and IFRS reporting. Our specialized financial statement preparation team is structured to be able to prepare financial statements for non-audit as well as audit clients. We tap into our technical knowledge and experience to assist clients in not only preparing compliant and timely financial statements, but also in improving the quality of financial reporting. Our aim is to provide you with a competitive edge in today’s demanding environment.
Services includes:
- Balance Sheet (or the equivalent) Preparation
- Income Statement (or the equivalent) Preparation
- Cash Flow Statement Preparation
- Notes to Financial Statements
- Required Supplementary Schedules (MD&A etc.)
- Other Supplementary Schedules
Compliance with Standards
We ensure compliance with relevant accounting standards, such as Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS).
Technical Expertise
We possess a deep understanding of financial statement preparation, including the required financial disclosures, formatting, and presentation guidelines.
Review and Assurance
Our review process adds an additional layer of assurance and quality control, enhancing the reliability and credibility of the final financial statements.
Value Adding Process
We will plan and prepare the financial statements from our mutual agreement on the applicable financial accounting framework. Through regular status updates you are abreast of progress, timing, any challenges and outcomes.
- Persons choose us because of our deep proven technical knowledge and experience.
- We remain current with accounting standards and employ tools and techniques to ensure the successful and timely preparation of your financial statements.
- We are auditors; therefore, we understand auditors and their requirements, whether it be employee retirement systems, not-for-profits, for-profit or state and local government.
Other Services Include
Financial statements preparation involves our professionals taking your financial data (e.g. trial balance) and preparing photo-finished GAAP-based financial statement in accordance with the applicable financial reporting framework (e.g. FASB, GASB, IFRS, OCBOA etc.). This is technical skill which at times is unavailable within organizations. We offer this service to organizations because the preparation of the financial statements is responsibility of management and not the auditor.
A growing challenge for employers all over the world is finding the right accounting and audit talent. This is further complicated by the digital age where business requirements and needs, and also emerging roles, are changing. Our professionals have over 30 years of audit and accounting experience, and they remain technically and technologically relevant. We provide professionals to audit firms to join their team on various audit projects.
Accounting standards are constantly changing and the level of technical expertise required is constantly increasing. The challenges of recruiting and retaining excellent accounting talent as well as the opportunity cost involved in having an in-house accounting department cause businesses to retain third-party entities to be responsible for some or all of its accounting operations. We provide expert accounting support to our clients.
Our team of specialists has in-depth tax law knowledge and broad business experience, which provides our clients with reliable and practical advice. We emphasize planning and encourage frequent discussions to determine what actions can be taken to reduce your tax burden and plan for the future. We are equipped to help you navigate the rigors of the tax law and required compliance.