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Republic of the Philippines DEPARTMENT OF EDUCATION R E G I O N III SCHOOLS DIVISION OFFICE OF BATAAN March 23, 2015, DIVISION MEMORANDUM No. 30 s. 2015 YEAR END REPORTS AND FORMS To: Education Program
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What is year end reports?
Year end reports are financial statements that summarize a business's performance over the course of a fiscal year.
Who is required to file year end reports?
All businesses, including corporations, partnerships, and sole proprietorships, are required to file year end reports.
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Year end reports can be filled out by compiling all financial data, including income, expenses, assets, and liabilities, and presenting them in a standardized format.
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The purpose of year end reports is to provide stakeholders with a comprehensive overview of a business's financial health and performance.
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Year end reports must include details on income, expenses, assets, liabilities, equity, cash flows, and any other relevant financial information.
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