Statement Preparation

⚠️ **Finance warning / Avertissement finance** : informational only, not investment advice. A statement package is an official document the moment it leaves the building: a balance sheet that does not balance, a cash flow that does not reconcile, or net income that never reaches retained earnings are errors with filing consequences, there is a real risk of loss in any decision taken from misstated statements, and no output here is a promise of return. Curated by Skill Harbor: the statement preparation skill of GAJETOso/financeskills. Use it to generate a set of financial statements (balance sheet, income statement, cash flow statement) from a trial balance when closing the books, producing the periodic profit or loss, or preparing year-end reporting. The opening checks are non-negotiable: do we have the full trial balance, is it balanced with debits equal to credits, which reporting framework applies (IFRS, US GAAP or tax basis), what is the period, and have all month-end accruals and deferrals been recorded, with recent disposals or acquisitions accounted for. The preparation framework then runs in priority order: trial balance validation for balance and classification errors, adjusting journal entries for depreciation, accruals and prepayments, income statement generation down to net income, balance sheet generation proving assets equal liabilities plus equity, and the cash flow statement built on the indirect method. The technical steps map every account in the chart of accounts to the correct statement line item, build the indirect cash flow from net income by adding back non-cash expenses such as depreciation and amortization and adjusting for changes in working capital (inventory, receivables, payables), and reconcile equity so that net income flows into retained earnings on the balance sheet. The deliverable is a financial statement package: the income statement with revenue, cost of sales, expenses and net income for the period, the balance sheet snapshot of assets, liabilities and equity, the statement of cash flows split across operating, investing and financing activities, and brief notes explaining major line item variances or unusual items. From the GAJETOso/financeskills repository (MIT). Honest caveats: a prepared package is a draft for official reporting, so have the statements checked by a qualified professional before any official use or filing; the trial balance, the adjusting entries and the framework choice are yours to supply and to verify, and the shipped calculate.py script should do the statement math instead of mental arithmetic. Skill Harbor never reviews the code, review it yourself before use.