قوائم مالية

Scope of Work & Approach

This assignment covered a comprehensive review of the company’s financial cycle starting from tax compliance and portal reconciliation, passing through journal entries recording, and ending with the preparation of the final financial statements in line with management’s view of the P&L.

1. Tax & Portal Review

A detailed review was performed over the tax filings and their alignment with the e-invoicing portal. This included:

Reconciling reported tax figures with portal data

Identifying any discrepancies between submitted returns and recorded transactions

Ensuring completeness of invoices reflected on the system

2. Journal Entries Assessment

All journal entries were reviewed to ensure:

Proper classification between accounts (P&L vs Balance Sheet)

Compliance with the accrual basis of accounting

Accuracy and consistency in recording transactions

3. P&L Alignment with Management Perspective

The Profit & Loss statement was analyzed and adjusted based on management’s business model and operational understanding, including:

Reclassification of certain items to reflect the true nature of expenses/revenues

Normalization of non-recurring or irregular transactions

Ensuring proper matching between revenues and related costs

4. Financial Statements Preparation

Based on the above procedures:

Adjusted trial balance was prepared

Financial statements were finalized (P&L, Balance Sheet)

Figures were aligned to reflect a fair and accurate financial position

Conclusion

The overall process ensured that financial data is:

Properly reconciled with tax records and portal data

Accurately recorded and classified

Reflective of the company’s actual financial performance