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ESTIMATES AND FINANCIAL OPERATIONS COMMITTlrimQUESTIONS PRIOR To HEARING 201516 ANNUAL REPORT HEARlINGsDepartment for Child Protection and Family Support Hon Stephen Dawson MLC asked:I, In regard
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Estimates and financial operations refer to the process of predicting future financial outcomes and managing financial activities within an organization.
Various stakeholders such as businesses, organizations, and individuals may be required to file estimates and financial operations depending on their financial activities.
Estimates and financial operations are typically filled out using financial statements, balance sheets, income statements, and other relevant financial documents.
The purpose of estimates and financial operations is to provide insight into the financial health and performance of an organization, as well as to aid in decision-making and planning.
Information such as revenue, expenses, assets, liabilities, cash flow, and financial projections may need to be reported on estimates and financial operations.
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