Financial statement audit

Definition of Financial Statements

What is financial statement ?

         Definition of Financial Statements is Financial reports are a summary of accounting in the collection of various information to present information to users of financial statements for decision-making. They show the financial position, performance, and change in cash in an organized manner. Financial reports of this nature should be prepared in accordance with accounting standards. and should disclose the criteria used in financial statement preparation, such as accounting policies complete financial statements presentation It should be presented at the end of the accounting period at least once a year. The preparation is the responsibility of the company’s management. as well as present financial statements.

Components of the Financial Statement

        The components of a complete financial statement, according to Accounting Standard No. 35 Re: Presentation of Financial Statements, must include the following financial statements:

  • Balance sheet or statement of financial position.
  • Profit and Loss Statement.
  • A statement of equity changes Statement of Equity Changes.
  • Cash Flow Statements.
  • Financial Statement Notes and Accounting Policy Accounting Principles and Financial Statement Notes.

          which to come out as financial statements, it is caused by an accountant or accountant have input transactions by collecting various transactions that occur on a daily basis of the company to be recorded in the accounting program which is the main heart before accounting is to collect various transactions from document files Therefore, the arrangement of documents Separating documents into categories helps in typos, and easy to check from the Auditor

By dividing documents into months and sorting them by date, you can classify them. The following files make up the majority of it:
  • Purchase documents, raw materials, services, or assets
  • A sales tax document, service, or report file, or a copy of a sales tax invoice
  • Tax report file as well as the original tax invoice.
  • Payment Voucher and Petty Cash for paying water, electricity, and telephone bills, among other things.
  • File with Receipt Voucher
  • Tax forms P.N.D. 1, P.N.D. 30, P.N.36, P.N.D. 50, P.N.D. 51 that have been paid
  • Withholding TAX file or withholding TAX document
  • Social Security Form – Employee Salary File

          Details from the above-mentioned file, This can be used in companies that have their own accountants or given to the accounting office. You must also separate documents like as well.

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Financial Annual Report 2025

Key Deadlines for Submitting Financial Statements (Fiscal Year 2025)

        As we enter 2026, many business owners are now receiving notifications from their accounting firms to prepare their “year-end closing documents” for the 2025 fiscal year.But did you know that the financial statement submission deadlines and forms differ between the Department of Business Development (DBD) and the Revenue Department (RD)?        Even a one-day delay can result in fines ranging from THB 1,000 to 200,000.So today, Nong Muang from ACC Consulting will summarize everything in simple terms — what needs to be filed, when, and what documents you should prepare. 📅 Key Deadlines for Submitting Financial Statements (Fiscal Year 2025)        For companies with a fiscal year ending on December 31, 2025 (a common accounting year-end for Thai businesses), here are the important deadlines: Task Deadline Remarks Filing Corporate Income Tax Return (Form PND.50) Within 150 days after fiscal year-end → if year-end is Dec 31, 2025 → file by end of May 2026 Example: Companies closing books on Dec 31, 2025 must hold the shareholder meeting by April 30, 2026, and

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Title: 5 Accounting & Tax Risks Every Phuket Business Owner Should Be Aware Of (And How to Mitigate Them) In the realm of business ownership in Phuket, it is imperative for entrepreneurs to be well-versed in the potential accounting and tax risks they might encounter. Being proactive and informed about these challenges is key to avoiding detrimental financial consequences. By understanding and addressing these risks head-on, Phuket business owners can safeguard their financial integrity and ensure compliance with relevant laws and regulations. 📍 Operating a business in Phuket?           Whether you’re running a café in Old Town, managing a resort near Patong, or launching a new real estate venture—staying compliant with Thai tax and accounting laws is crucial.           Here are 5 common accounting and tax risks we’ve seen in Phuket-based businesses, and how you can protect your company from unnecessary penalties or investigations. 🔻 1. Mixing Personal and Business Finances Risk: Failing to separate business and personal expenses can lead to inaccurate books and potential tax issues.Solution: Open a dedicated business

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Accounting, Tax, and Audit Services for Businesses in Phuket

📍 Supporting Businesses in Phuket with Professional Financial Services           Phuket is one of Thailand’s most dynamic business destinations, especially in hospitality, real estate, F&B, and tourism. At ACC CONSULTING CO., LTD, we understand the specific challenges and compliance needs of businesses operating in Phuket. Our expert team of CPAs, accountants, and tax advisors is ready to support your operations with reliable and secure online services—no matter where you are in the province. 💼 Our Key Services ✅ Company Registration & Business Structuring Incorporation of Limited Companies / Partnerships / Sole Proprietors VAT registration, social security setup, DBD documentation Shareholder agreements and legal consulting ✅ Monthly & Annual Accounting Services Thai GAAP-compliant bookkeeping (TFRS for NPAEs) Monthly PND/VAT submissions (PND.1, 3, 53, 50, 51, PP.30) Digital reports and e-document submission ✅ Professional Tax Planning Strategic structuring to minimize tax liability Income tax optimization, expense classification Advisory for property/investment transactions ✅ Certified Audit by Thai CPAs Annual audit reports for DBD & Revenue Department Financial statements with explanatory notes Audit-ready for companies exceeding threshold 🏨 Industry Focus

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