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YOUR CPA CAN PROVIDE The financial statements are prepared in ance with an acceptable financial reporting framework. If you're not sure which reporting framework to use, your CPA can explain the pros and cons of each and the best fit for your business.
The Financial Accountability and Information Services (FAIS) Office, within the CDE is responsible for annually collecting, reviewing, and preparing this financial data for dissemination. The financial data is published on the Ed-Data website.
A financial accountant prepares detailed reports on a public company's income and outflow for the past quarter and year that are sent to shareholders and regulators. A managerial accountant prepares financial reports that help executives make decisions about the future direction of the company.
The preparation and presentation of a company's financial statements are the responsibility of the management of the company. Published financial statements may be audited by an independent certified public accountant.