Financial Reporting Checklist: Is there a formal checklist or template used for the account finalization process?
Financial Reporting Checklist Balance Sheet Items: Verify the balances of all asset, liability, and equity accounts. Reconcile cash and bank accounts. Review and adjust prepaid expenses and accruals. Confirm the accuracy of fixed asset records. Income Statement Items: Review revenue recognition and matching principles. Verify the accuracy of all revenue and expense accounts. Ensure… Read More »
