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FAR No. 1 STATEMENT OF APPROPRIATIONS, ALLOTMENTS, OBLIGATIONS, DISBURSEMENTS AND BALANCES As of the Quarter Ending December 31, 2014, Department Agency Operating Units: EDUCATION : PHILIPPINE HIGH

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How to fill out far no 1 statement

01

To fill out a FAR No. 1 statement, follow these steps:

02

Gather all necessary information and documentation for the statement.

03

Begin with the identification section, providing your personal details, such as your name, address, and contact information.

04

Next, provide information about your business or organization, including its name, address, and purpose.

05

Include a section for the period covered by the statement. This should specify the time frame the statement pertains to.

06

Move on to the financial information section. Fill in all relevant financial details, such as income, expenses, assets, and liabilities.

07

Provide supporting documentation for the financial information, such as tax returns, bank statements, and invoices.

08

Be thorough and accurate in reporting your financial information, ensuring that all calculations are correct.

09

Review the completed statement for any errors or missing information.

10

Sign and date the statement to certify its accuracy and completeness.

11

Submit the filled-out FAR No. 1 statement to the designated authority or organization.

Who needs far no 1 statement?

01

Various entities and individuals may need a FAR No. 1 statement, including:

02

- Businesses or organizations required to report their financial information to regulatory or government authorities.

03

- Government agencies or departments that use the statement for auditing or compliance purposes.

04

- Investors or creditors who require the statement to assess the financial health and viability of a business or organization.

05

- Banks or financial institutions that use the statement to evaluate loan applications or creditworthiness.

06

- Stakeholders, such as shareholders or members of an organization, who seek transparency and accountability in financial matters.

07

- Any individual or entity that needs to provide a comprehensive and accurate overview of their financial status.

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What is far no 1 statement?

The FAR No. 1 statement is a requirement by the Federal Acquisition Regulation (FAR) that provides a summary of total sales, cost of goods sold, and gross profit for a contractor during a specified period.

Who is required to file far no 1 statement?

Contractors who have been awarded a government contract and are subject to FAR regulations are required to file FAR No. 1 statement.

How to fill out far no 1 statement?

Contractors must fill out the FAR No. 1 statement by providing accurate and detailed information on total sales, cost of goods sold, and gross profit for the specified reporting period.

What is the purpose of far no 1 statement?

The purpose of the FAR No. 1 statement is to provide transparency and accountability in government contracting by tracking contractors' financial performance.

What information must be reported on far no 1 statement?

The FAR No. 1 statement requires contractors to report total sales, cost of goods sold, and gross profit for the specified reporting period.

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