Definicja financial reporting process

The entire process of creating financial statements for financial accounting. The statements can be monthly, quarterly, or annual.

The financial reporting process can extend over a period of several weeks until the definitive and approved/published statements are created.

Each financial statement may require several financial reporting processes. Balance Analyzer distinguishes between full runs and correction runs. The first financial reporting process for a financial statement is also known as an initial run and is always a full run. Subsequent runs are usually correction runs.

A financial reporting process consists of various programs. In some financial reporting processes both accounting and balance processing programs are used, while in others only balance processing programs are used.