SAMPLE CONSTRUCTION COMPANY FINANCIAL STATEMENT …
SAMPLE CONSTRUCTION COMPANY
FINANCIAL STATEMENT AND SUPPLENTARY INFORMANTION
For the Year Ended December 31, 2011
The financial statement, prepared by an independent Certified Public Accountant, is essential for bonding purposes. It should answer all of the surety's questions regarding the financial health of the company, as well as disclose contingencies, guarantees, and other items that may not be reflected on the various statements. If the surety knows the CPA understands the construction industry, the financial statement will enhance the contractor's bonding line due to the increased reliability of the information presented. The following is a financial statement prepared to maximize both bonding and banking lines.
TABLE OF CONTENTS
PAGES Independent Accountant's Review Report on the Financial
Statements (The Representation of Management)..................1
Financial Statements Balance Sheet................................................2 Statement of Operations and Retained Earnings................3 Statement of Cash Flows....................................4-5 Notes to the Financial Statements.........................6-16
Supplementary Data Schedule 1-Summary of Construction Operations...............17 Schedule 2-Schedule of Completed Contracts..................18 Schedule 3-Schedule of Contracts in Process.................19 Schedule 4-Schedule of Revenues Earned......................20 Schedule 5-General and Administrative Expenses..............21
INDEPENDENT ACCOUNTANT'S REVIEW REPORT
The Shareholder and Board of Directors of Sample Construction Company Phoenix, Arizona
I have reviewed the accompanying balance sheet of Sample Construction Company as of December 31, 2011 and the related statements of operations and retained earnings and cash flows for the year then ended. A review includes primarily applying analytical procedures to management's financial data and making inquiries of management. A review is substantially less in scope than an audit, the objective of which is the expression of an opinion regarding the financial statements as a whole. Accordingly, I do not express such an opinion.
Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America and for designing, implementing, and maintaining internal control relevant to the preparation and fair presentation of the financial statements.
My responsibility is to conduct the review in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. Those standards require me to perform procedures to obtain limited assurance that there are no material modifications that should be made to the financial statements. I believe that the results of my procedures provide a reasonable basis for my report.
Based on my review, I am not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in conformity with generally accepted accounting principles generally accepted in the United States of America.
My review was made for the purpose of expressing a conclusion that there are no material modifications that should be made to the financial statements in order for them to be in conformity with accounting principles generally accepted in the United States of America. The information included in the accompanying Schedules 1 through 5 is presented only for purposes of additional analysis and has been subjected to the inquiry and analytical procedures applied in the review of the basic financial statements, and I am not aware of any material modifications that should be made to such data.
THESE FINANCIAL STATEMENTS HAVE BEEN PREPARED ONLY FOR EDUCATIONAL PURPOSES!!!
March 10, 2012
-1-
SAMPLE CONSTRUCTION COMPANY BALANCE SHEET
(See Independent Accountant's Review Report) December 31, 2011
ASSETS
Current assets (Note 1) Cash and cash equivalents (Notes 1 and 2) Contracts receivable (Notes 1, 2 and 3) Costs and estimated earnings in excess of billings on uncompleted contracts (Notes 1 and 4) Salary advances due from employees Note receivable, shareholder (Note 7) Prepaid items
Total current assets
Property and equipment, net of accumulated depreciation and amortization (Notes 1 and 5)
Other assets Note receivable, shareholder (Note 7)
$ 385,000 1,540,000
15,000 4,000 5,000
31,000 $ 1,980,000
$ 250,000
$ 57,000
Total assets
$ 2,287,000
The Notes to the Financial Statements are an integral part of this Statement.
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- format of the income statement
- analysis of financial statements
- financial statements 2016
- analysis of financial statements 4
- financial statement analysis nacm
- financial statement analysis for small businesses
- chapter 2 financial statement and ratio analysis
- financial analysis cs sample reports
- 7 financial analysis and interpretation
- sample construction company financial statement
Related searches
- sample financial statement review letter
- sample financial statement analysis report
- construction company financial statement example
- sample reviewed financial statement report
- sample business financial statement template
- company financial statement example
- sample financial statement disclosures
- startup company financial statement sample
- sample business financial statement form
- small company financial statement example
- company financial statement form
- sample of construction company profile