Skip to content
icon-phone
Call Us

+612 9891 6100

Financial Reporting
What is this service? Who requires this service? Why Spry Roughley? Technical Insights FAQs
Financial Reporting
What is this service? Who requires this service? Why Spry Roughley? Technical Insights FAQs

Anthony Saccaro

Client Service Partner

What is this service?

To business owners and stakeholders, accounting and bookkeeping is of little value if it is not used to provide reliable and timely information to support decision making. Financial Reporting is the result of skilled data acquisition and compilation of it into a form that is useful.

Who requires this service?

All business owners and investors need financial reporting processes that support them to both monitor and review performance and, help them make better, smarter decisions in the future.

Why Spry Roughley?

We have a real passion for financial reporting and helping owners and investors understand business / investment performance, positions and cash flows.

Like all of our services, we develop deep understanding of businesses and owners, as well as the needs of other users of the financial information. We work to ensure that underlying data capturing and processing systems are run as efficiently and accurately as possible as we appreciate that poor or late data leads to poor and late decisions.

With underlying data sources providing reliable and timely information, we then seek to develop financial reporting frameworks that support the relevant users. In modern environments this is achieved through the use of business intelligence (BI) tools such as Microsoft’s Power BI platform.

We also have a deep understanding of International (IFRS) and Australian Accounting Standards (AASB) and frameworks. We work with clients who require either General Purpose Financial Reports or Special Purpose Financial Reports to satisfy financial reporting requirements of international holding companies, Australian Corporations Act, shareholders and financiers (bank). We work with clients who have formal annual financial reporting requirements to ensure they produce compliant financial reports that are fit for purpose, including advising on and tailoring financial disclosures.

FAQs

Do I need to prepare an annual financial report?

All Australian companies must keep written financial records that enable financial statements to be prepared. We recommend that all companies actually prepare financial statements on an annual basis regardless of the requirement to do so. The preparation of financial statements assists directors in the obligation to monitor the company’s operations and ensure its solvency.

Do I need to lodge private company financial reports?

Private companies that are not foreign controlled are required to lodge their financial reports if they are deemed Large companies in accordance with the Corporations Act. A company is Large if it meets two (2) of the following three (3) tests;

  • The consolidated revenue for the financial year of the company (and controlled entities) is AUD $50 million or more;
  • The value of the consolidated gross assets of the company (and controlled entities), at the end of the financial year, is AUD $25 million or more;
  • The company (and controlled entities) has 100 or more employees at the end of the financial year.

Anthony Saccaro

Client Service Partner
Our long-standing business relationship is a testament to the value that we see in Spry.
Group Financial Controller
Large Engineering Group
The responsiveness and willingness to assist us when we need it, is valued and greatly appreciated.
Group Financial Controller
Large Engineering Group
It’s not just about the relationship - you get the right people with the right knowledge with the dedication to get outcomes to get the job done.
Owner
Private company >$500m turn-over
I feel I am talking to people who have a vested interest in making sure my business is going well.
Director
Privately Company >$300m turn-over
Accessibility and being available at any point. Being proactive to avoid panic / urgency and action is timely.
Owner
Manufacturing Company
Partnership with a capital P – We own the opportunities, issues and challenges together.
High Net Wealth Investor
Accessibility, responsiveness, forward planning. Proactive
Multiple Pharmacy Owner
Spry Roughley know my business - you have a handle on what I need. The little stuff is important because that’s what enables the big stuff to happen.
Entrepreneur / Engineer
Manufacturing business owner
Value the processes around what we do. The structure and rigor. Structuring and reporting information. Phone calls and teams meeting to engage with Directors on the business.
Director/Owner
Electrical Manufacturing
Strategic advice and carrying projects through to completion. Beyond just completing compliance
Director/Owner
Third Party Logistics provider
Relationship. Strong believer in the success you surround yourself with. Morale changed when you came on board. Confidence in us is great.
Director/Owner
Construction Materials Import and Wholesale
Personable - you are a reasonable size but you are still personable
Director
National Retailer
When we have a scenario or a goal, you think about it and give us options so we can make informed decisions. It's more of a partnership
Chief Executive Officer
Vehicle Manufacturer
Able to adjust and continue to provide value as we grow and change
IT start-up Founder
Thank you for all your support throughout the sale process...It was good to have you on my side, not just from an accounting and compliance aspect but from the personal support you gave me.
Former Business Owner

Discover the Spry Roughley difference

and start your journey towards financial success today.

Contact Us