Ken Kremsky Helps His Companies in Financial Performance by Providing Excellent Financial Reporting

What Is Financial Reporting?

Financial reporting is the revelation of financial results and linked information to management and external stakeholders (e.g., investors, clientele, and controller) about how a company is performing over a specific period of time. 

Financial reports are usually issued on a quarterly and annual basis and include the following:

  • Balance Sheet or Statement of Financial Position – reports on a company’s assets, liabilities, and owners’ equity at a given point in time, usually the end of a fiscal quarter or year.
  • Income Statement or Profit and Loss Report – reports on a company’s profits, operating expense, and earnings over a period of time, such as an economic quarter or year. This includes sales and the various expenses incurred during the stated period.
  • Statement of Changes in Equity or Statement of Retained Earnings – reports on the changes in equity of the company during the confirmed period, such as an economic year or quarter.
  •  Cash Flow Statement – reports on a company’s cash flow activities, including its operating, investing, and financing activities. These are typically referred to as sources and uses of cash.
Ken Kremsky provides information to the management of his companies which is used for the purpose of planning, analysis, benchmarking and decision making. He provides information to investors, promoters, debt provider and creditors which is used to enable them to male rational and prudent decisions regarding investment, credit etc. He also enhances social welfare by looking into the interest of employees, trade union & Government.

He helps organizations to raise capital both domestic as well as overseas and also forms the backbone for financial planning, analysis, benchmarking and decision making.

Talking about his professional experience, Ken Kremsky started his career as an assistant controller at Interstate Brands Corporation from 1996-1999. In 1999 he filled as a manager of cost accounting at Kraft Nabisco Inc where he worked until 2005. Later he started working as controller at Kraft Food Inc in 2005. From 2012, Ken worked as a Senior Manager of Finance and Strategic Projects at Mondelez International. Here, he worked until 2017. Currently he is working at consultant for a private equity firm.  

Pertaining to his educational credential, Ken Kremsky pursued Bachelors of Science in Accounting from Pennsylvania State University. In addition to it, he completed Master of Business Administration in Finance from LaSalle University.

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