Accounting & Financial Reporting
SNCO delivers MFRS and MPERS-compliant financial statements with comprehensive management reporting for Malaysian businesses. Our chartered accountants prepare statutory accounts, consolidated statements, and monthly management reports meeting Companies Act 2016 requirements.\n\nWe configure accounting systems, design chart of accounts structures, and document accounting policies under MFRS (full IFRS for enterprises) or MPERS (IFRS for SMEs) ensuring audit readiness and regulatory compliance. Services include automated reporting workflows, variance analysis, and professional oversight for accurate financial management.\n\nFrom system implementation to statutory filings, we provide end-to-end financial reporting solutions tailored to your business complexity, ownership structure, and reporting obligations.
Get Started
We provide accounting and financial reporting services designed to support accuracy, compliance, and strategic insight for Malaysian businesses under MFRS or MPERS (as applicable) and Companies Act 2016 requirements.
Financial Statement Preparation
- Annual & Interim Financial Statements - Full-year and half-year statutory financial statements prepared in accordance with Malaysian Financial Reporting Standards (MFRS) and Companies Act 2016 Section 248, or MPERS for private entities
- Consolidated & Standalone Financial Statements - Group consolidations applying MFRS 10 and standalone entity financials for holding companies, subsidiaries, and special purpose vehicles
- Management Accounts - Monthly and quarterly management reporting packages with variance analysis, KPI dashboards, and commentary supporting operational decision-making
Accounting System Services
- Accounting System Selection & Implementation - Software evaluation, vendor selection, and deployment of cloud and on-premise accounting platforms tailored to business complexity and scalability requirements
- Chart of Accounts Design - Structured account coding frameworks supporting group consolidation, multi-dimensional reporting, and compliance with MASB financial reporting standards
- Accounting Policy Manual & SOPs - Documentation of accounting policies under MFRS or MPERS, revenue recognition procedures, provisioning methodologies, and month-end close workflows
Key Benefits
- 30% Faster Month-End Close: Streamlined financial processes with automated reconciliation and structured chart of accounts reducing closing cycles
- MFRS/MPERS Compliance Assurance: Full adherence to Malaysian accounting standards with documented policies and audit-ready financial statements
- Real-Time Financial Visibility: Monthly management accounts with variance analysis and KPI dashboards for informed decision-making
- Audit-Ready Documentation: Comprehensive accounting policy manuals, SOPs, and supporting schedules prepared to MIA standards
- Scalable Accounting Systems: Cloud-based platforms configured for business growth without infrastructure investment
- Cost-Effective Solutions: Professional financial reporting at 40% lower cost than maintaining full in-house finance teams
- Regulatory Compliance: Companies Act 2016 adherence with SSM filing support and statutory reporting
- Strategic Financial Insights: Executive reporting and financial analysis supporting business planning and decision-making
Implementation & Ongoing Support
- Comprehensive accounting needs assessment and system selection advisory
- Chart of accounts design with multi-dimensional reporting capability
- Accounting policy documentation under MFRS or MPERS framework
- Monthly management accounts with variance analysis and commentary
- Annual statutory financial statements prepared to audit standards
- Continuous compliance monitoring and regulatory update guidance
Get Started
Contact us for a financial reporting consultation. We provide comprehensive assessments, transparent pricing, and tailored solutions for your business reporting requirements.
Related Services: Audit & Assurance Services for statutory audit support and Technology Consulting for advanced ERP implementation.