I've been told I need a financial statement prepared by a CPA . What type of financial statement services are there and how much will it cost ?

There are basically three levels of financial statement services a CPA can provide. They are a Compilation, a Review and an Audit(sometimes referred to as an examination). The least expensive service is the Compilation and is generally accepted by banks for small personal loans, mortgages and small business loans, where an individual is required to guarantee the loan personally.