Services · Foundational

Compilation of Financial statements in accordance with GAAP

FSC

Supports compilation of financial statements in accordance with applicable GAAP, including statements, notes, mapping, supporting schedules and management review.

What changes

More reliable financial data, better reporting, stronger audit readiness and improved system-enabled finance operations.

What you get

Compiled financial statements pack: primary statements, notes and accounting policies FSC003
Completed period-end close checklist with responsibility matrix FSC001
Trial balance to financial statements mapping with supporting schedules FSC002
Completed GAAP disclosure checklist FSC004
Tie-out checklist covering statements, notes and trial balance FSC006
Indexed working paper file FSC005
Audit PBC list and tracker FSC007

What has to come first

GLAGeneral Ledger and Trial Balance Analysis Recommended

A reviewed general ledger and trial balance reduces compilation rework
COAChart of accounts analysis and review Recommended

A clean chart of accounts simplifies mapping to statement line items

Who is involved

From the National Society's side. This is what the engagement asks of your people.

Your own staff work alongside the adviser throughout, so this is a commitment of their time as well as the Centre's. Ask in the request and you are given the day estimate per role before anything is signed.

Role	What they do
Head of Finance / Chief Accountant	Process owner
Finance team (GL, payables, receivables, payroll, fixed assets, grants accounting)	Preparers
Secretary General / Senior Management	Review and sign-off
Board / Finance Committee / RAC	Approval and oversight
External auditors	Audit interface
Donor / grants focal point	Restricted funds and disclosures
ICT	Systems access and reports, as needed

How it is measured

Indicator	Target	Evidence
Financial statements compiled under the applicable GAAP and internally consistent	100% of tie-out checks passed	Completed tie-out checklist (FSC006)
Statements reviewed and approved by management and governance within target time of period end	4 months	Approval minutes; signed statements
Disclosures complete against the GAAP checklist with no open material gaps	100% of applicable items	Completed disclosure checklist (FSC004)
Audit-ready working paper file delivered with the PBC list	100% of notes cross-referenced to support	Working paper index (FSC005); PBC tracker (FSC007)

Tools

7 of 7 ready to download.

FSC001 Period-end close checklist and responsibility matrix Template XLSX
FSC002 Trial balance to financial statements mapping template Template DOCX
FSC003 Financial statements shell: primary statements and notes structure Template DOCX
FSC004 GAAP disclosure checklist Template DOCX
FSC005 Working paper index and file structure guide Template DOCX
FSC006 Tie-out checklist: statements, notes and trial balance Template DOCX
FSC007 Audit PBC list template and tracker Template XLSX

Standards

COSO Internal Control - Integrated Framework
IFRS / GAAP accounting standards
GFDC Operational Framework (intake, triage, service workflow)
HNS finance manual, accounting policies and close procedures
Donor agreements and reporting requirements
External audit management letters and prior year adjustments

Request this service

The form arrives with FSC filled in. You can change it, and you do not have to be sure.

Request FSC

Code: FSC
Tier: Foundational
Outcome area: 4 · Finance operations, reporting, systems and audit readiness
Deliverables: 7
Tools: 7 of 7

Comes before

3 services name this one as a prerequisite.

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