Financial Reporting
We are a firm that offers services to assist with the declaration of financial results, information related to accounts and management, and provide online data access to external stakeholders (e.g., investors, customers, regulators) about how your company is performing over a specific period of time.
These reports are usually issued on a quarterly, monthly, and annual basis and include the following:
When it comes to publicly held corporations, these financial reports are required to be very detailed and complex, typically including extensive footnotes, as well as a management discussion and analysis (MD&A). The records provide current details about each item on the balance sheet, income statement, revenue statement, and cash flow statement, including insights into the accounting method used. This will also provide a vision of how future trends can be used.
Private and public companies based in Malaysia must have its financial reporting performed in accordance with generally accepted accounting guidelines (GAAP). Malaysian companies are expected to report their results under specific laws and guidelines, whereas businesses in most international markets report under International Financial Reporting Standards (IFRS). These guidelines provide key principles and rules that must be followed to ensure accuracy, consistency, and comparability in financial results.
We are a firm that offers services to assist with the declaration of financial results, information related to accounts and management, and provide online data access to external stakeholders (e.g., investors, customers, regulators) about how your company is performing over a specific period of time.

Statement of Financial Position or Balance Sheet - this is the main report on a company’s real assets, liabilities, and owners’ equity at a given point in time, usually the end of a month, a fiscal quarter, or year.

Profit and Loss Report or Income Statement - these are common reports on a company’s income, expenses, and profits over a period of time, such as a fiscal month or quarter. It includes sales and the various finance expenses incurred during the stated period.

Statement of Retained Earnings or Statement of Changes in Equity - these are reports on the changes in equity of the company during the stated period, such as a fiscal quarter or year.

Flow of Cash Statement - these are reports on a company’s money flow activities, including its operating, stock investing, shares, and financing activities. These are typically referred to as sources and uses of cash.
When it comes to publicly held corporations, these financial reports are required to be very detailed and complex, typically including extensive footnotes, as well as a management discussion and analysis (MD&A). The records provide current details about each item on the balance sheet, income statement, revenue statement, and cash flow statement, including insights into the accounting method used. This will also provide a vision of how future trends can be used.
Private and public companies based in Malaysia must have its financial reporting performed in accordance with generally accepted accounting guidelines (GAAP). Malaysian companies are expected to report their results under specific laws and guidelines, whereas businesses in most international markets report under International Financial Reporting Standards (IFRS). These guidelines provide key principles and rules that must be followed to ensure accuracy, consistency, and comparability in financial results.
We are a firm that offers services to assist with the declaration of financial results, information related to accounts and management, and provide online data access to external stakeholders (e.g., investors, customers, regulators) about how your company is performing over a specific period of time.

Statement of Financial Position or Balance Sheet - this is the main report on a company’s real assets, liabilities, and owners’ equity at a given point in time, usually the end of a month, a fiscal quarter, or year.

Profit and Loss Report or Income Statement - these are common reports on a company’s income, expenses, and profits over a period of time, such as a fiscal month or quarter. It includes sales and the various finance expenses incurred during the stated period.

Statement of Retained Earnings or Statement of Changes in Equity - these are reports on the changes in equity of the company during the stated period, such as a fiscal quarter or year.

Flow of Cash Statement - these are reports on a company’s money flow activities, including its operating, stock investing, shares, and financing activities. These are typically referred to as sources and uses of cash.
When it comes to publicly held corporations, these financial reports are required to be very detailed and complex, typically including extensive footnotes, as well as a management discussion and analysis (MD&A). The records provide current details about each item on the balance sheet, income statement, revenue statement, and cash flow statement, including insights into the accounting method used. This will also provide a vision of how future trends can be used.

Private and public companies based in Malaysia must have its financial reporting performed in accordance with generally accepted accounting guidelines (GAAP). Malaysian companies are expected to report their results under specific laws and guidelines, whereas businesses in most international markets report under International Financial Reporting Standards (IFRS). These guidelines provide key principles and rules that must be followed to ensure accuracy, consistency, and comparability in financial results.
Financial Reporting Objectives
The objectives and purposes of financial reporting can be summed to:
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  1. Prepare information to the management of an organization which is used for the purpose of planning, analysis, benchmarking and decision making.
  2. Issue data analysis to investors, promoters, debt provider and creditors, which is knowledge used to enable them to make rational and meaningful decisions regarding investment, credit, etc.
  3. Lay out information to shareholders and to the public at large in the case of listed companies about various aspects of an organization and how it's performing in a specific economy.
  4. Prepare information about the economic resources of an organization, legal claims to those resources (liabilities and owner’s equity) and how these resources and claims have undergone change over a period of time.
  5. Deliver official information as to how an organization is procuring and using various resources, that includes a review of the process by which these resources are obtained.
  6. Issue reported details to various stakeholders regarding performance management of a company as to how diligently and ethically they are discharging their fiduciary duties and responsibilities.
  7. Issue information to the statutory auditors which in turn facilitates audit.
  8. Boosting social welfare by looking into the interest of employees, trade union and the government.
It is possible to calculate cash flow statements each month based on the information of your income statements and balance sheets.
An accounting software can be used to create cash flow statements based on information you’ve already entered in the general ledger. These services are provided by us in an obligation with complete privacy to your company earnings. A simple accountant worksheet may also display the different revenues from sales to customers but it is typically calculated as one sum and not categorized in the required fashion.

With both those methods, the cash flow statement is only accurate so long as the rest of the bookkeeping is accurate too. Working with InTune Outsourcing is the most surefire way to know how much working capital you have. We will make sure everything adds up, so your cash flow statement always gives you an accurate and quality result.
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The Important Items on the Cash Flow Statement

The important note on the cash flow statement is the bottom-line item. It is likely to be the "net increase/decrease in cash and cash equivalents." A bottom line reports the overall change in the company's gross cash and its equivalents (the assets like shares and dividend that can be immediately converted into cash) over the last period. Included under current assets on the balance sheet, you will find cash and cash equivalents (CCE or CC&E). The difference between the current CCE and that of the previous year or the previous quarter, you should have the same number as the total number at the bottom of the statement of cash flows.
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Negative Cash Flow vs. Positive Cash Flow

Sometimes the cash flow statement shows a negative number at the bottom, that means money was lost during the accounting period—which translates to negative cash flow. It’s important to remember that, long-term, negative cash flow isn’t always a bad thing. In some months you may spend cash in order to make money later on—having investments in equipment or property, for example. A positive number at the bottom of the statement indicates positive cash flow for the month. Positive cash flow however, isn’t always a good thing in the long term. It gives you more liquidity for now but there are negative reasons you may have that money—for instance, by taking on a large loan to bail out your failing business forcing you to fall in debt later.
Financial Statements and Financial Reporting
services process include:
We offer free support to our clients, SMEs and corporate giants alike, in developing and implementing tools used in the financial reporting process.
We help in the preparation of complex calculations used in the process of preparing the financial statements, e.g. calculation of impairment charges, accounting for long-term contracts, accounting for financial leases, capitalization of financing costs and accounting for investments or conversion into the presentation currency.
Using professional tools and models with your permission to support financial reporting under compliance:

  • Putting together templates of financial statements and integrated reports
  • Accommodate various stages of period-end close
  • A complete compilation of financial statements
  • Enhance the financial reporting processes
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We offer free support to our clients, SMEs and corporate giants alike, in developing and implementing tools used in the financial reporting process.
We help in the preparation of complex calculations used in the process of preparing the financial statements, e.g. calculation of impairment charges, accounting for long-term contracts, accounting for financial leases, capitalization of financing costs and accounting for investments or conversion into the presentation currency.
Image
Using professional tools and models with your permission to support financial reporting under compliance:

  • Putting together templates of financial statements and integrated reports
  • Accommodate various stages of period-end close
  • A complete compilation of financial statements
  • Enhance the financial reporting processes
Templates of Financial Statements and
Integrated Reports Preparation
At InTune Outsourcing, we assess, understand, and assist our clients in the preparation of templates of financial statements tailored to specific business circumstances and accounting standards and requirements.
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Our team of trained accountants are ever ready to extend our support in preparation of separate, accurate, and consolidated financial statements, in such a way that the financial statements:

  • Boost their usefulness to an investor, in particular by focusing on the customer and industry-specific disclosures and ensure that additional information does not limit the comprehensibility.
  • Make sure they are comparable to other ones within the client’s industry.
  • Accommodate all the accounting requirements of any relevant accounting standard application.
An extra advantage of the services offered also includes specific support in the implementation, track and preparation of integrated reporting.
At InTune Outsourcing, we assess, understand, and assist our clients in the preparation of templates of financial statements tailored to specific business circumstances and accounting standards and requirements.
Image
Our team of trained accountants are ever ready to extend our support in preparation of separate, accurate, and consolidated financial statements, in such a way that the financial statements:

  • Boost their usefulness to an investor, in particular by focusing on the customer and industry-specific disclosures and ensure that additional information does not limit the comprehensibility.
  • Make sure they are comparable to other ones within the client’s industry.
  • Accommodate all the accounting requirements of any relevant accounting standard application.
An extra advantage of the services offered also includes specific support in the implementation, track and preparation of integrated reporting.
Every SME Can Become Large
InTune Outsourcing - Creating Financially Driven Businesses and Entrepreneurs.
Every SME Can Become Large
InTune Outsourcing - Creating Financially Driven Businesses and Entrepreneurs.

About InTune Outsourcing Services

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InTune Outsourcing was founded in 2007 as an outsourcing and business consultancy firm geared to the needs of small and medium sized enterprises.

Find Out More About Us


About InTune Outsourcing Services

Quick Link

Facebook


InTune Outsourcing was founded in 2007 as an outsourcing and business consultancy firm geared to the needs of small and medium sized enterprises.

Find Out More About Us


About InTune Outsourcing Services


InTune Outsourcing was founded in 2007 as an outsourcing and business consultancy firm geared to the needs of small and medium sized enterprises.

Find Out More About Us

Facebook