The analysis of Financial Statements (EEFF) is a fundamental element for contracting decisions and awarding contracts with other companies. These make it easier for investors or in this case "Clients", to make decisions, obtaining financial and economic information of the company to be analyzed.
For companies that need to bid for contracts, as suppliers with other companies, the information provided in the company's database is important, so that the study and validation carried out by the company regarding its suppliers is optimal, the information provided must be clear and accurate.
Through the use of financial indicators, the company's financial position, debt level, solvency level, profitability, among others, is being made known. This is why, by providing accurate information, the likelihood that the company (Client) will find the contract feasible is increased.
Key points of the Financial Statements
These are some basic and necessary points to take into account when submitting reports to contracting or investment processes.
Actual information
Financial Statements must have certain basic conditions that help and give reliability to the company that is performing the validation of the information. For this reason, it is important that the data and information contained in these documents presented match actual company information.
Legible documents and detailed information
It is important that the information contained in the documents is legible and detailed, i.e., that it expresses in that the data contained in the documents is clear, as it is:
- Presentation of documents, legible handwriting and numbers.
- The currency in which the EEFF are expressed.
- Figures expressed in thousands, millions or complete.
- Date on which the EEFF information begins and ends.
- EEFF signed by Legal Representative, Accountant and Statutory Auditor of the company.
- Notes to the EEFF.
These points will help the company to be more competitive with respect to other companies, obtaining a plus and being a step ahead at the time of analysis and management of the data provided, which in turn will lead to other companies (customers) are interested in negotiations and operations.
