03 May 2009
Hi, Process of finalisation involves completing all the accounting entries including provisions and ensuring all the balance in trial balances to be correct. Its a vast process and hence not mentioning all the factors. You may see this link to understand more: https://www.caclubindia.com/forum/messages/2009/4/30037_checklist_for_finalisation_of_a_cs.asp
MIS reports are made in various formats. Most common are the Sales Reports, Revenue segment/itemwise analysis, Overheads analysis, Budget vs Actual costs analysis, Monthly P%L, Balance sheet, etc.
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