Preparation of reliable financial statements where books are incomplete, poorly maintained, or have not been kept at all.
Serving businesses across Nigeria from our Port Harcourt office.
Many Nigerian businesses reach a reporting deadline with bank statements, invoices, and tax filings — but without a usable ledger. That is a defined professional engagement, not a gap in the service list.
Joe Adinma & Co. reconstructs accounting records from the documents that remain, then prepares financial statements under IFRS or IFRS for SMEs as applicable. Partner review remains part of the work.
Step 01
Identify what exists, what is missing, and the reporting periods that can be reconstructed on a defensible basis.
Step 02
Classify receipts and payments from bank statements and supporting documents into a structured transaction record.
Step 03
Reconcile banks and, where evidence allows, customers, suppliers, and tax accounts.
Step 04
Build ledgers, establish opening balances, and produce a trial balance for the period.
Step 05
Post accruals, prepayments, depreciation, and other period-end adjustments required by the reporting framework.
Step 06
Apply the standards that govern the entity, including disclosure of significant judgements and the basis of preparation.
Step 07
Prepare the statements and notes, then review the file at partner level before delivery.
Where accounting records have become incomplete or unreliable, early reconstruction is generally less costly than allowing several reporting periods to accumulate. Management remains responsible for the records and for the financial statements.
Enquiries about reconstruction and financial-statement preparation may be directed to the firm.
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