1. 1
YOUR FINANCIAL GUIDE
Accountancy, tax guide and business advisory
With Peter Nderitu
Volume 1, Issue 2 February 7, 2015
In this issue:
Introduction: A note from Peter
Article: Preparation of Financial Statements
Did you know? Preparation of financial statements is key to your financial
success?
Services: Accountancy, Tax Services & Business advisory services
Note from Peter
Preparation of financial statements is important because it helps you
monitor the progress of your business as well as identify sources of
income. It also helps you track expenses, pay tax accurately and on time
and avoid penalties. In addition, it helps you detect fraud or theft and apply
for additional funding. Financial statements include the following:
Statement of Comprehensive Income (Profit & Loss)
This measures the business performance over a given period of time
usually one year. It compares the income of your business with the

2. 2
cost/expenses incurred in generating that income. The net effect is either a
loss or profit.
Statement of financial position (Balance Sheet)
This is a summary of the business assets and liabilities. Assets are what
you owe or you are owed by other people. Liabilities are what you owe
other people. This summary is shown as at particular period say the last
day of the year.
Statement of Cash flow
This show how your business has generated and used the cash during the
period under review. This enables you to understand how the business
operations are running, where the money is coming from and how it is
being spent. It shows the cash and cash equivalents entering and leaving
your business for the period under review.
Statement of changes in equity
This is a summary of the changes in shareholders’ equity over the reporting
period. It is a breakdown of changes in the owners’ interest in the company
and application of retained profit from one accounting period to the next. It
also reconciles the opening balances of equity accounts with the closing
balances.

3. 3
Services offered
1. Accountancy: I appreciate that business owners and companies may
not have the volume of activities and resources to warrant the hire of a full-
time accountant. I offer accountancy services to such clients resulting in
saving time and at affordable rates while guaranteeing quality and
professionalism.
2. Tax services: I assist my clients to be in good terms with the tax
authorities through advice on the best practices in tax management. This
way they are able to get Tax Compliance Certificates with ease and as well
as avoid any tax liabilities. This is in addition to the PAYE & VAT returns
which i prepare and submit on monthly basis.
Peter’s Profile
Peter Nderitu is an accountant and financial adviser who assist business
owners and companies to manage their cash flows, keep proper books of
account and prepare financial statements. He also assists clients on
matters of tax planning, computation and management.
Email: goalseek12@gmail.com  Mobile: 0725 952 484