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Cabinet Belayachi Company - Essay Example
Finance & Accounting
Pages 17 (4267 words)
The opening of the thesis report consists of the presentation of Cabinet Belayachi Company and its financial and audit department. This report is being carried out to describe position of project manager assistant and its tasks and objectives…
It is evident from the study that sometimes organizations engage in fraudulent activities like tax evasion and account fudging. Most of the fudging is done in minute level and thus it becomes hard to be detected by someone who does not have knowledge and as well as experience to perform auditing and verification of the accounts. In order to perform account verification a small, family-owned organization is hired in order to verify the clients’ accounts’ reliability and transparency. The firm also it also tries to establish taxation strategies for its clients in order to reduce the taxes’ amount to be paid. The financial statements contain vital information pertaining to aspects like financial soundness and stability. Sometimes the companies and organizations are not aware of the unnecessary costs that bear down heavily on the revenue. Application of specific techniques like ratio analysis and balance sheet analysis help the companies in developing specific strategies to increase the revenue and at same time decrease the costs. Financial diagnoses are performed by the firm by identifying the less productive functions of a given company. Based on the specific findings obtained from the analysis of the financial diagnosis specific strategies are formulated and integrated to optimize the company’s resources. It is active since 1997and has a client base of more than 250, from various economic sectors. Its capital stock is of 100 000 Euros. Years of high quality service and hard work has helped the firm develop long standing relationships with various firms. ...