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Every company needs to maintain accounts for giving annual reports at the end of the financial year. Financial Reporting is one of the main concept of accounting and a critical task of an organization. It is vital part of Corporate Governance. Financial report include the financial statements (like balance sheet, profit and loss account and cash flow statement), financial statement notes, quarterly and annual reports, prospectus and management discussion and analysis. The service of preparing financial report is provided by some companies. Their work is preparing accounts as per the given information. So the accounting companies provide this service to other business organization. The accounts are important part of business to know that our business is in profit or loss, maintain a proper account is a good practice.

The accounting technique for allotting the cost of an unmistakable resource over its helpful life and is utilized to represent decreases in esteem is called depreciation. Businesses decline long pull resources for both duty and accounting purposes. For impose purposes, businesses can deduct the cost of the unmistakable resources they buy as business costs. Depreciation is an accounting tradition that enables an organization to written off a benefit's of an asset after some time; however, it is viewed as a non-money exchange. Depreciation cost does not term as cash exchange, but rather it indicates the amount of an asset's esteem the business has utilized over a period.

Mind boggling, multistage action which happens with regards to different business procedures and makes utilization of the numerous data frameworks that may have been accommodated different purposes - general documentation, venture management, money related control, email correspondence and business introduction, this process is termed as management reporting. This part of accounting involves various functions like provide information, help in selection, helpful in profitable operations and it is also helpful in achieving overall objectives. This report motivates superiors and supervisor to take needed steps to increase earning of the organization. By having a look on report           a management can provide proper instructions to the employees towards increasing the profit of the organization.