How can Ahmed Mamdouh & Co. Kreston Egypt help you in accounting services?

With the assistance of our versed experts in the accounting field, with their diversified experience in multiple industries, you would get a profound understanding of your business’ financial position.

We will assign a dedicated team to help your business by delivering timely reports, identifying potential opportunities or threats that might boost or cripple your growth, and ensure your business complies with all legislation and regulations. You will be able to focus on your core business operations, while we take care of your finances.

 

Features:

- Management and Account reports.
- Financial reporting according to GAAP & IFRS.
- Tax preparation and filing.

1- Budgeting and Business Planning Services:


What should your business plan include?

Two crucial elements are essential for the success of every business, whether it is launching a new one or growing an existing one. Your financial strategy and your business plan. You can use this as a guide to set specific objectives and outline your plan of action for the upcoming business year.

 
Why should your company think about creating a budget and a business plan?
 
Planning a business and creating a budget have countless advantages. You'll be more equipped to foresee such issues and know how to address them with their help. Additionally, you'll be more goal-focused and have better clarity. Your decision-making will become more confident as a result.
When putting together your business plan, several elements should be included. This will ensure that your plan is comprehensive and clear enough to drive your business forward. The following should be incorporated:
 
- Any changes you want to make to your business, market and clients.
- Clear objectives for a specific period.
- How you will measure success (key performance indicators).
- Challenges you may face.
- Operational changes and information about your employees.
- Forecasts and financial performance.
- Details of potential investment in your business.
 

What should your budgeting include?

Your business plan's success depends heavily on your budget. It will draw attention to your capital and assets, which will be the main drivers of your projected growth. You will be aware of how much you are spending and how profitable your company is once you have prepared your budget. You might then consider how to distribute your funds for more expansion. The following should be included in your budget:

- sales projections for the given time frame.
- Cost of sales
- Fixed costs and overheads

2- IFRS Financial Statements:


The International Financial Reporting Standards (IFRS) are a set of accounting rules for public companies to follow, ensuring financial statements are consistent, transparent and easily comparable. 

IFRS standards are required in over 140 countries for most or all companies to provide transparency accountability and efficiency to financial markets around the world.

With the correct advice and formatting of IFRS-compliant financial statements, your company can continue its growth and expand into overseas markets. 

Ahmed Mamdouh & Co. Kreston Egypt works side by side with clients to offer tailored advice to meet the needs of businesses all over the world.

3- GAAP financial statements:


Local Generally Accepted Accounting Principles (GAAP) refer to the rules that are required to be followed in a specific country when filing financial statements. GAAP must legally be done by any publicly traded and regulated business. Without it, ramifications may come into play.

This method of reporting financial statements is done all over the world in accordance with local GAAP accounting rules. This ensures that a business’ finances are visible, consistent and comparable.

When this is done, business owners and investors can see the overall health of a company through a detailed record of financial statements and an accurate picture of your business transactions so that you can determine your cash and flow.