Corporate Law 

Mam Marina Nazeer

 Group 2
M. Uzair Waheed
Abdullah Nadeem
Adrish Bilal
Ali Zain 
Abdul Rehman 
Presentation Topic 
Financial Statements and Chartered
Accountant
Financial statements are written records that
convey the business activities and the
financial performance of a company.
Financial statements are often audited by
government agencies, accountants, firms, etc.
to ensure accuracy and for tax, financing, or
investing purposes.

Financial Statement
The three financial
statements are: (1)
the Income Statement,
(2) the Balance Sheet,
and (3) the 
Cash Flow Statement.
 Income statement

An income statement is a financial

statement that shows you the company's
income and expenditures. It also shows
whether a company is making profit or
loss for a given period. The income
statement, along with balance sheet and
cash flow statement, helps you
understand the financial health of your
business.
A balance sheet is a financial statement that reports a
company's assets, liabilities, and shareholder equity.
The balance sheet is one of the three core financial
statements that are used to evaluate a business.
 
A cash flow statement (CFS) is a financial statement
that summarizes the amount of cash and cash
equivalents entering and leaving a company. The
CFS measures how well a company manages its cash
position, meaning how well the company generates
cash. The CFS complements the balance sheet and the
income statement.
 Chartered Accountant: 
A chartered accountant (CA) is an international
accounting designation granted to accounting
professionals in many countries around the world, aside
from the United States. In the United States, the equivalent
to the CA designation is a certified public accountant
(CPA).
                         Course depends on the pace with which
you pass your papers. There are 21 papers in total, divided
in 4 levels, which take a minimum of 5–5.5 years to
 What Chartered Accountants do?
Manage
Chartered Accountants work as managers, steering
businesses in the right strategic direction, solving
problems, and implementing change
Report
Chartered Accountants report on the financial
performance of a company or firm, which impacts
greatly on the decision making process
 Advise
Chartered Accountants are
trusted advisors, and provide
services to other businesses
either as a consultant, or as a
practicing partner
Working in Business and Industry
65% of our members work in the and
International Business Industry. As a Chartered
Accountant you can successfully position
yourself in a dynamic global environment,
pursuing a diverse range of roles including
corporate leadership, management account,
business analysis and sales management.
Working in Financial Services
The members of Chartered Accountants Ireland
also pursue rewarding careers in financial
services; advising on risk management,
financial investment and the optimum use of
assets. As you progress, you continue to learn
and grown, enjoying fresh challenges, keeping
up with new market forces and changing market
trends.  
A financial statement audit is the highest level
of service a CPA can provide. The CPA's
objective is to obtain reasonable (defined as
high, but not absolute) assurance about whether
the financial statements as a whole are free of
material misstatement. ... The CPA is required
to perform inquiry and analytic procedures.
When a CPA audits your financial statements,
he examines various accounting documents,
such as your budget, accounts payable and
expense reports, to make sure you are
following generally accepted accounting
principles. The CPA also will offer an opinion
on the statements.