Accounting & Financial Reporting

Saifudin & Co helps Malaysian businesses prepare financial information for year-end reporting, management decisions and discussions with stakeholders. Whether you need financial statements, clearer management reports or support with accounting records, we start with the reporting purpose and the information available.

How we can help

• Prepare or assist with financial statements and supporting schedules within an agreed scope.
• Review accounting records, information gaps and reporting requirements.
• Consider accounting policies, presentation and disclosure under the applicable reporting framework.
• Develop management information on financial performance, position and cash flow.
• Review charts of accounts and reporting structures where the current information does not meet management’s needs.

Records that support the reporting

Support may include bookkeeping, takeover and opening-balance review, proposed adjustment journals, reconciliations and closing schedules. The agreed work should connect the ledger to the supporting evidence and identify unresolved differences. Where an external audit follows, an organised handover helps management answer the auditor’s information requests.

Reporting throughout the year

The requirement may be a year-end set of financial statements, periodic management accounts, supporting schedules or a review of records that need attention. Tell us which parts of the accounting process your team handles and where assistance is needed. Reporting frequency, record preparation and review responsibilities are agreed for the engagement.

How the work is organised

We establish the entity, reporting period, records available, intended users and deadlines. The engagement then defines the work, information required from management and matters needing review. Supporting schedules and explanations should make the figures understandable and traceable to the underlying records.

Scope and responsibilities

Management remains responsible for records, source information, accounting judgements and approval of financial statements. Any audit is a separate engagement, subject to its own acceptance and independence assessment. The applicable framework, including MFRS or MPERS where relevant, depends on the entity’s circumstances.

Discuss your requirements

Discuss your accounting and reporting needs with the relevant period, current accounting system, outstanding records and intended use of the reports.

Accounting requirements during system change

Finance teams may need help with chart-of-accounts mapping, opening-balance reconciliations and management-reporting requirements during an accounting-system change. Software configuration and deployment are separately scoped through SNCO Consulting’s technology services.

Further guidance

For reporting requirements, refer to the Malaysian Accounting Standards Board. Read our practical accounting-control review or explore audit and assurance services.