Overview of Financial Statements and Tax Returns

Overview of Financial Statements (Financial Reporting)

Financial statements are also called financial reporting, which are performance records of a company. Financial statements are comprised of a "Balance Sheet," "Statement of Income", "Statement of Changes in Equity" and "Explanatory notes", etc.

• Balance Sheet: Materials explaining asset conditions of a company from three aspects: funds financed by shareholders (Capital) are used for what purpose (Assets) and the amounts of borrowing the company owes (Liabilities).
• Statement of Income: Materials explaining an income amounts of a company from sales and expenses, etc.
• Statement of Changes in Equity: Materials showing changes in Net assets in the balance sheet.
• Explanatory Note: Materials listing notes to important accounting policies and various statements.

Overview of Tax Returns

A tax return is a document of filing taxable income, and tax amounts simultaneously with the preparation of financial statements. A tax return is generally comprised of the following documents.

• Corporation tax return
• Consumption tax return
• (Corporate)Inhabitants and Enterprise tax return

Financial statements and tax return preparation services of "Accounting Home Delivery"

It is required to prepare the materials for both Financial Statements and a Tax Return according to the designated forms.
"Accounting Home Delivery" offers agency for preparation of Financial Statements, Tax Returns and their procedures, and supports use of e-Tax.

For an overview of the services of "Accounting Home Delivery", please click here.
In addition, for a customer who only requests support for preparation of Financial Statements and a Tax Return, a separate quotation will be sent to you.