Financial Reporting Package Policy

Subscriber Content
Screenshot of the first page of Financial Reporting Package Policy

The purpose of this policy is to provide a consistent format for required financial information to be reported to corporate. It applies to all subsidiary locations with stand-alone data systems or where summary data only is interfaced with the corporate accounting system.

This policy requires all subsidiary locations to provide financial information on a monthly basis to the parent company for management and statutory reporting requirements. The information required is to be provided on a timely basis using a consistent format. Additionally, the procedures section contains a list of the items required in a complete monthly financial package. The schedules are either self-explanatory or explanation can be found in the report footnotes.

Free Trial

Sign up for a free, no-obligation trial to start exploring our timesaving, valuable resources.