Chiostri Conti
Chiostri Conti
Chiostri Conti
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FINANCIAL STATEMENTS, BUDGETS AND BUSINESS PLANS

ACTIVITIES

Experts in drafting annual budgets and forecast budgets

We assist clients in the preparation of mandatory annual financial statements (both according to the OIC and IFRS standards) and in relations with auditing companies as part of the audit procedures. We also deal with the preparation of the group consolidated financial statements.

The firm also deals with the preparation of periodic budget estimates and complete business plans, to be used in various contexts: request for funding and relationships with banks; demonstration of the existence of the “going concern” assumption; search for new partners or investment funds; corporate restructuring; etc.

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GLOSSARY

Budget: 
management tool that identifies the economic resources allocated by an organisation, a group of persons or by a single individual to carry out a specific activity.

Business plan or industrial plan:
document that describes in detail the entrepreneurial project in the short, medium and long term and which identifies the objectives, strategies, sales flows, marketing actions and related financial forecasts.

Financial statements: 
financial statements in turn consist of the balance sheet and income statement or profit & loss account, as well as the related documents or explanatory note. It can be drawn up according to national accounting standards (ITA GAAP), issued by the Italian Accounting Body (OIC) or according to international accounting standards (IAS/IFRS), issued by the IASB (International Accounting Standards Board).

«Going concern»:  
going concern is the assumption on the basis of which, in preparing the financial statements, the company is normally considered capable of continuing to carry out its business in the foreseeable future.

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