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Showing posts from January, 2009

A Review of the Double-Entry Accounting System and Accrual Accounting in the Public Sector

LITIGATION SERVICES

Ethics Plus can provide assistance to defence parties or corporate management by investigating and determination of financial data, computation of damages, settlement of disputes, creditworthiness audits, arbitration reports or company evaluations. We can act as experts in the settlement of disputes and provide necessary reports to the courts. The special characteristics of our reports are the comprehensive analysis of all facts and the final resume, which meets international standards.

AUDIT SERVICES

More than a historical review, an effective audit can be a powerful tool for positive change. Our audit services division provides an independent opinion of and adds credibility to management financial statements. You will work with seasoned, professionally trained auditors using the latest available technologies ensuring minimum disruption to day to day operations. We can perform interim procedures, which will greatly reduce the time spent on the site during your audit. On completion of our work you will receive a management report ascertaining whether your internal control system meet the significant risks in logistics and EDP and commenting on business efficiency in using resources and achieving objectives.

MANAGEMENT ADVISORY SERVICES

Often, closely held businesses need a financial advisor but can not afford to have a CFO on staff. Our Management Consultants can fill the void for our clients. As an effective third party Ethics Plus can analyse your particular situation and help you identify key issues. We work closely with your Attorney, Manager, Agent and other advisors to help you achieve your financial goals. Let us show you the peace of mind that comes with entrusting your financial affairs to experienced professional staff. Our full range of business management services include: Business planning and performance review. Monthly cash flow analysis, budgeting and planning. Assistance with the purchase and acquisition of major fixed assets and analysis of major financial transactions. Operations review and compliance auditing. Profitability analysis. Analysing costing and pricing methods. Internal accounting control system design and analysis. General accounting systems design. Working capital and capital

FINANCIAL STATEMENT SERVICES

We have vast experience in performing audits, reviews and compilations for national and international clients as required by banks, regulatory agencies, investors and company policies. We prepare and supervise preparation of financial statements. Compiled or reviewed statements can be provided according to your needs. More importantly we can help you use these statements as well as other reports to better manage your business and increase your profitability. The supplementary information in the financial statements is tailored to meet your specific needs. These can include budget verification reports, comparison of ratios to industry standards and pertinent charts and graphs. Our experienced staff will be responsive in providing you with professional and technically excellent services. As your financial advisors we will offer and actively maintain communication with you through-out the year. Many of our clients view us as an important member of their management team and a supplement

ACCOUNTING SYSTEM REVIEW AND IMPLEMENTATION

In todays rapidly changing business environment, access to qualified professionals who understand and keep step with these changes is necessary to remain competitive. We are trained to deal with the complex accounting issues and problems brought about by the changing face of business. While there are many ingredients to a successful business, inadequate accounting systems and procedures rank among the top five reasons why business fail. Our goal is to assist clients in establishing accounting systems and procedures which contributes to the success and profitability of the business. Some clients prefer to do their own book keeping and some want as little involvement as possible. We will serve the customer's desire by either providing guidance only or setting up the books and accounting software, training the staff or performing the task on our own. Our staffs are trained to work with some of the commonly used accounting software products such as Quickbooks, Tally, Sage, Focus, Wi