Financial Statements

LUKEL ACCOUNTING SERVICES can prepare Financial Statements. The objective of financial statements is to provide information about the financial position, performance and changes in financial position of an enterprise that is useful to a wide range of users in making economic decisions. Financial statements may be used by users for different purposes:

  • For corporate income tax returns according to GAAP (General Accepted Accounting Principles)
  • Personal financial statements may be required from persons applying for a personal loan or financial aid
  • For investment, financing 
  • For internal use by Management