Financial Statement Preparation

100% complete and compliant external reporting assistance

In addition to preparing financial statements as part of the normal bookkeeping procedure, you may also need a compilation, review, or audit of your company’s financial statements.

Forbush and Associates serves as your outside consultant by preparing financial statements for external reporting in accordance with:

  • United States General Accepted Accounting Principles
  • International Financial Reporting Standards
  • Canadian General Accepted Accounting Principles

Documents prepared:

Work Papers

During a review or audit, the independent accounting firm requires your management team prepare certain schedules or documents to help the accounting firm understand how you arrived at the numbers used within the “Financial statements and footnotes.”

Forbush and Associates employs former auditors with both Big 4 and regional accounting firm experience. This level of knowledge and expertise helps “you” prepare schedules with less work. And we provide a solid base to let auditors focus on the audit rather than on “creation of work papers.” This results in an efficient audit and lowers your audit fees.

Financial Statements

Especially with small entities, there are many complexities related to non-cash transactions, non-recurring transactions, and hundreds of other situations. Our expert staff understands the complex transactions that occur within your business and how to reflect those transactions properly in compliance with appropriate standards.

We work closely with your management team to prepare the statements, review them with your team, attain your team’s approval, and submit the approved statements to your independent accounting firm.


Footnotes are the key to understanding and deciphering the financial statements of a company. Providing complete, accurate, and compliant footnotes is required when submitting financial statement packages to an independent accounting firm or even to your own management team. We prepare and/or review the footnotes accompanying the financial statements your team prepared.

Management Discussion and Analysis (MD&A)

The MD&A provides an opportunity for management to discuss and review the results of your company for the period covered by the financial statements and about future prospects for your company. This is where we help you discuss and analyze certain key ratios and factors you considered during the decision-making process. Essentially, the MD&A lets you tell your story to the world.

 Ken Gearhart
Ken Gearhart
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“Forbush and Associates has been our contract CFO and Controller since 2002. Being a general contractor, Forbush and Associates assisted us in each step of the way from one subdivision and 2 houses being built at one time to 6 subdivisions and more than 30 houses being built at the same time. Additionally, Forbush and Associates worked diligently in diversifying our client base in efforts to reduce the fluctuations of a residential construction market to our revenue streams. Due to Forbush and Associates assistance, we built other revenue sources and streams that provided us more than $10,000 per month in free cash flow while other contractors went out of business. Forbush and Associates has worked with us in seeing new opportunities in farther reaching communities and has begun to assist in rebuilding our Company after a rough three years including international operations. I would recommend Forbush and Associates to anyone whether it be a tax return preparation or full service business consulting and administration.”
Nancy Durano
Nancy Durano
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“Working with Forbush and Associates has given me peace of mind. I trust your advice because you have a reputation of integrity and honesty and working with Forbush’s team has helped me dramatically to improve communication with my lawyer…your team had the knowledge, experience, wisdom and my best interest at heart. There is no way to repay you for what you have done for me, but I think your team is wonderful and wanted you to know.”
Gary Harmon
Gary Harmon
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“Minuteman Press has used Forbush & Associates for the past four years and we are extremely happy with their strategic planning and tax consultation services. During this time, we have received over $30,000 in refunds from Federal & State taxes that we were not able to recover while using our previous tax preparation company.In addition, we have improved our cash flow and bottom line performance by more than $125,000 as a direct result of Forbush’s strategic planning advice. Who would have anticipated that a simple review of past tax returns could lead to these kind of results?I strongly urge any small business owner to have Forbush & Associates review your last 2-3 year’s tax returns. You won’t be sorry!”
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