While going through the review of a business corporate, we often come through a document called the certified financial accounting report. This document is a proof of the management welfare of the enterprise and gives a comparative account of the revenue being generated. This report is prepared after a thorough process of auditing and scanning the company's finances, and fund. It looks into the company's cost in earlier years and the costing in the recent years to show whether this has led to an increase in product manufacturing and sales, thereby increasing the scale and size of the company.

A certified financial accounting report is also a proof of the revenue being generated as it is verified by the governmental agencies, and as the basis and amount on which the company has to pay tax. It is this report again which defines the credibility of a private limited company in the stock market and accordingly, its share prices and dividend returns are calculated. It is also certificate of the fact that the enterprise is in compliance with the law of the land and is implementing labor standards and directions set by the law.

Hence, an accounting report gives a complete list of the accountability and credibility of the company enlisted. Therefore, it has to be prepared with extreme caution and should be revised several times before declaring it publically. The annual budget also falls under this report and accountants have to carefully look into the resources and target in hand, before preparing the budget for the body corporate.