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INDEPENDENT AUDITORS REPORT ON THE FINANCIAL STATEMENTS OF THE OPEN JOINT STOCK COMPANY OUTDISTANCE AND INTERNATIONAL TELECOMMUNICATIONS TELECOM FOR THE PERIOD FROM 1 JANUARY TO 31 DECEMBER 2009 To

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What is financial statements?

Financial statements are documents that provide information about a company's financial performance, including its income, expenses, assets, liabilities, and equity.

Who is required to file financial statements?

Companies, organizations, and businesses are generally required to file financial statements. The specific requirements vary depending on the jurisdiction and the type of entity.

How to fill out financial statements?

Filling out financial statements typically involves gathering financial data, organizing it into the appropriate sections, and ensuring accuracy and compliance with accounting standards. It may require the assistance of accountants or financial professionals.

What is the purpose of financial statements?

The purpose of financial statements is to provide stakeholders, such as investors, creditors, and regulators, with information about a company's financial health, performance, and potential risks. They help in assessing the company's profitability, liquidity, and solvency.

What information must be reported on financial statements?

Financial statements typically include an income statement, balance sheet, cash flow statement, and statement of changes in equity. They report information such as revenues, expenses, assets, liabilities, equity, and changes in cash flows.

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