The financial consultations

There are rapid developments in the field of business and finance, the organizations trying to keep pace with these developments. The organizations need to get the various financial consultations such as how to deal in stocks and shares, evaluation of the projects and mergers etc.

The organizations need to do that  properly according the rules and laws , so the needs has increased for specialized companies which working to provide financial consulting services and helping the investors to make a correct financial decisions at the right time by give them the necessary information .

The financial consultations also help the companies to overcome the financial problems by offering the dynamic solutions in this regard. The financial consultations always searched and developed the new ways to serve and provide better value and complete solutions to the organizations.

The financial consultations doing also studies and analysis of financial 
statements and how the organizations manage their resources.

The financial consultations working on financial data analysis to provide a
 vision to the top management to make the decisions. The importance of the financial analysis coming because it studying the financial statements at periods of the year and it shows the relationship between the elements of the financial statements and the change of them. The financial analysis defines the company's ability to achieve revenues or not.

The financial analysis helps the companies to make the financial planning and its cost structure.

The most importance financial analysis tools which used to study the financial information:-

1/ Trend analysis (vertical & horizontal)

2/ Ratio analysis (liquidity & activity & profitability & market and Stability).

The financial consultations also study the market and how to deal with market fluctuations to help the companies in making the decisions about buying and selling which ensure the safety of the financial situations of the companies.

The financial consultations make the foundations of accounting systems for the organizations like Issuing chart of accounts & issuing the balance sheets as accounting policies and preparing the income statements.

 The financial consultations helps the organizations to make accounting planning.  The main objective of accounting planning in general is to contribute to the development of accounting objectives of the organizations. Planning can not be successful without the availability of correctly accounting information. Also the accounting planning contributes to the development of financial resources of the organizations through the protection of assets and resources owned by the organizations from loss and the preparation of financial budgets and improve the way the organizations work.

The financial consultations help to identify the strengths of the company's position to promote it, and weaknesses to develop her treatment; this will be through access to financial statements published.

The financial consultations give the advices to the companies to deal with the banks and how to choose the banks accounts that serve the company and its activity also give advices to the borrowers; this is done through credit analysis to identify the risks of loans.

Mergers are a composition of economic unit as a result of joining two units or more and the demise of the separate legal personality of each. Here the financial consultations make joint assessment of the company to estimate the current value of the company to be purchased and the future performance of its operation.

The financial consultations can change the administrative system including the human resources.

The financial consultations can make management accounting. The main objective of the management accounting system operations is to provide reports contain important data for planning and control. The differences between financial accounting and management accounting: The financial accounting reporting for parties outside the organization while the management accounting specially for the management of organization.

Also the financial accounting should be applied to all economic units as a whole, while management accounting should not be applied to all of these units. The financial accounting tracking the principles and accounting policies during the preparation of financial statements while the management accounting tracking economic management unit during the preparation of financial statements. The main function of management accounting is control over of the policies set by the administration and makes the necessary corrections when there are any deviations in the plans that have been developed. The main element which the management accounting depends on is cost accounting. This helps the top management to take the internal administrative decisions. 

The financial consultations doing the accounting assessment. Accounting assessment depends on evaluate the financial information and the control that comes with the accounting process the accounting assessment helps to detect financial problems and make recommendations to prevent such problems from occurring again.

The financial consultations work to achieve to the quality financial reports that depend upon the top management to take important decisions. All of these services must be through the use the technology and modern programs. These programs focus on providing the financial reports and how to prepare and accounting operations related to adjustments & asset trading and the stock and the ways to achieve internal control. The financial consultations making information system which designs the way for organization strategy and the organization must be following the general accepted accounting principles in the preparation of those statements.  

 The financial consultations must teach the accountants how to be responsible and honest to show the top management all the information and finical reports without any hidden.

 The financial consultations lead accountants to support their organizations in a wide range of job including leadership, management accounting and control.

The financial consultations must give the independent opinion for the organization which helps it to make better understanding of its finical situation.

The working methods for the financial consultations must be under ethic principles, quality and responsibility to build the mutual trust and develop long term strategic with the organizations to meet their needs .

prepared by : mohamed mostafa