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FY 2017 YearEnd Closing Information and Instructions August 15, 20171 FY 2017 YE Information and Instructions August 15, 2017Table of Contents:FY 2017 Important YearEnd Closing Dates. 4 FY 2017 YearEnd

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Point by point, here's how to fill out fy 2017 year end and who needs fy 2017 year end:

How to fill out fy 2017 year end:

1. Gather financial data: Collect all necessary financial records, such as income statements, balance sheets, and cash flow statements for the fiscal year 2017.
2. Review financial records: Carefully examine the financial records to ensure accuracy and completeness. Look for any discrepancies or errors that need to be corrected.
3. Calculate financial ratios: Use the financial data to calculate important ratios, such as profit margin, return on investment, and debt-to-equity ratio. These ratios provide insights into the company's financial health and performance.
4. Prepare financial statements: Use the gathered financial data to prepare comprehensive financial statements, including the income statement, balance sheet, and statement of cash flows. These statements provide a snapshot of the company's financial status at the end of fy 2017.
5. Analyze financial performance: Review the prepared financial statements to analyze the company's financial performance for fy 2017. Look for trends, areas of improvement, and potential risks or opportunities.
6. Make necessary adjustments: If any errors or discrepancies are identified during the review and analysis process, make the necessary adjustments to ensure accurate financial reporting.
7. Complete supporting schedules: Prepare supporting schedules that provide additional details and explanations for the figures presented in the financial statements. These schedules help to provide a clear understanding of the financial data.
8. Obtain approvals: Seek necessary approvals from management or other stakeholders to proceed with the finalized fy 2017 year end financial statements.
9. Present the fy 2017 year end reports: Distribute the finalized financial statements, supporting schedules, and analysis to relevant parties such as shareholders, investors, board members, and regulatory authorities.

Who needs fy 2017 year end:

1. Business Owners and Managers: Business owners and managers need fy 2017 year end to assess the company's financial performance, make informed business decisions, and plan for the future. It allows them to evaluate profitability, identify areas of improvement, and set financial goals.
2. Shareholders and Investors: Shareholders and investors rely on fy 2017 year end to evaluate the company's financial health, profitability, and growth potential. It helps them assess the value of their investment and make decisions regarding buying, holding, or selling shares.
3. Regulatory Authorities: Government agencies and regulatory authorities use fy 2017 year end financial statements to ensure compliance with accounting standards, tax regulations, and reporting requirements. It provides them with vital information to monitor and supervise businesses.
4. Lenders and Creditors: Lenders and creditors require fy 2017 year end financial statements to assess the creditworthiness and financial stability of a company. It helps them determine if the company is capable of repaying loans and meeting its financial obligations.
5. Auditors and Accountants: Auditors and accountants need fy 2017 year end to conduct audits, verify the accuracy of financial statements, and ensure compliance with accounting principles and standards. It allows them to provide reliable financial information and maintain financial transparency.

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