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The document is a Personal Financial Statement required by the Texas Ethics Commission, disclosing financial activities for the preceding year.
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How to fill out PERSONAL FINANCIAL STATEMENT

01
Gather all financial documents including income statements, bank statements, and investment records.
02
List your personal information at the top such as name, address, and contact details.
03
Detail your assets, including cash, real estate, vehicles, and any other personal property.
04
Outline your liabilities, including mortgages, car loans, credit card debts, and any other obligations.
05
Calculate your net worth by subtracting total liabilities from total assets.
06
Include any additional financial information that may be relevant, such as your income sources and expenses.
07
Review your statement for accuracy and completeness before submitting.

Who needs PERSONAL FINANCIAL STATEMENT?

01
Individuals applying for loans or mortgages.
02
Self-employed persons seeking credit or investors.
03
Financial advisors assessing clients' financial situations.
04
Anyone looking to have a comprehensive overview of their personal finances.
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A personal financial statement (PFS) is for organizing and measuring an individual's or family's financial status. The PFS has two chief sections: a cashflow assessment of income and outflows , as well as a balance sheet which displays one's overall assets, liabilities, and overall net worth.
The income statement, balance sheet, and statement of cash flows are all required financial statements. These three statements are informative tools that traders can use to analyze a company's financial strength and provide a quick picture of a company's financial health and underlying value.
How to prepare an income statement Choose your reporting period. First, choose the length of your reporting period. Determine your trial balance. Determine revenue. Calculate the cost of goods sold. Determine gross profit. Determine expenses. Calculate total income. Determine taxes and interest.
I have always had a logical, organised and practical way of thinking, as well as a competitive nature, and I have realised that finance and accounting is the degree, which appeals to these characteristics. I noticed these logical subjects to be my forte from a young age.
List your assets: Identify and value all your assets using current market values for investments and real estate. List your liabilities: Include all your debts, noting the remaining balances and interest rates. Calculate your net worth: Subtract your total liabilities from your assets to determine your net worth.
Financial statements are a set of documents that show your company's financial status at a specific point in time. They include key data on what your company owns and owes and how much money it has made and spent. There are four main financial statements: balance sheet.

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A Personal Financial Statement is a document that provides an overview of an individual's financial situation, including assets, liabilities, income, and expenses.
Individuals seeking loans, certain government employees, or those applying for grants and financial aid may be required to file a Personal Financial Statement.
To fill out a Personal Financial Statement, gather all financial documents, list your assets and liabilities, calculate your net worth, and provide income and expense details in the designated sections.
The purpose of a Personal Financial Statement is to provide a clear snapshot of an individual’s financial health, which can be used for loan applications, financial planning, and assessing net worth.
A Personal Financial Statement must report assets (like cash, real estate, and investments), liabilities (like loans and mortgages), income (such as salary and dividends), and expenses (like bills and living costs).
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