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FINANCIAL STATEMENTSCAMFED USA FOUNDATION FOR THE YEAR ENDED DECEMBER 31, 2016, WITH SUMMARIZED FINANCIAL INFORMATION FOR 2015CAMFED USA FOUNDATIONCONTENTSPAGE NO. INDEPENDENT AUDITOR\'S REPORT EXHIBIT

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How to fill out statement of financial position

01

To fill out a statement of financial position, follow these steps:

02

Begin by listing all of your assets. This includes cash, investments, accounts receivable, inventory, and property.

03

Calculate the total value of your assets by adding up the individual amounts.

04

Next, list all of your liabilities. This includes debts, loans, accounts payable, and any other financial obligations.

05

Calculate the total value of your liabilities by adding up the individual amounts.

06

Subtract the total value of your liabilities from the total value of your assets. The result is your net worth or equity.

07

Finally, include any additional information required by the specific format or template of the statement of financial position, such as notes or disclosures.

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Review and double-check your calculations to ensure accuracy.

09

Once you have completed all the necessary entries, sign and date the statement of financial position.

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What is statement of financial position?

The statement of financial position, also known as balance sheet, is a financial statement that shows the assets, liabilities, and equity of a company at a specific point in time.

Who is required to file statement of financial position?

Companies, non-profit organizations, and other entities are required to file statement of financial position as part of their annual financial reporting.

How to fill out statement of financial position?

To fill out a statement of financial position, one must list all the assets, liabilities, and equity of the entity, ensuring that the balances are accurate and properly classified.

What is the purpose of statement of financial position?

The purpose of the statement of financial position is to provide stakeholders with information about the financial position of the entity, including its assets, liabilities, and equity.

What information must be reported on statement of financial position?

The statement of financial position must report the entity's assets, liabilities, and equity, as well as any additional information required by accounting standards or regulations.

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