Financial Statements

Financial Statements or a Financial Reports, are an essential part of knowing where you stand, and to let others know as well. We prepare statements our clients can rely on. We cover all angles. From Balance Sheets to Cash Flow Statements.

At McNabb Lucuk LLP Chartered Professional Accountants, we’re committed to offering you the highest grade of professionalism.

Our professional reports include:

• Income statements: Displays the profits, losses, expenses and revenues during the desired period.
• Balance Sheets: Displays the equity, liabilities and assets of the entity during the desired period. The information displayed is specific and based on a particular point in time. The Balance Sheet is considered one of the more important Financial Statements because it presents information about the organization’s capitalization and liquidity.
• Statement of Retained Earnings: Displays changes in equity during a specific period of time. The format is extremely fluid, however, it can include the sale or re-purpose of stocks, changes caused by reported profits or losses, as well as dividend payments. Being the least used Financial Statement, it is commonly only part of the audited financial statement package.