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LOCKWOOD SCHOOL DISTRICT 167 GLENWOOD, ILLINOIS ANNUAL FINANCIAL REPORT JUNE 30, 2017ILLINOIS STATE BOARD OF EDUCATION School Business Services Division 100 North First Street, Springfield, Illinois
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167 fs footnotes are typically needed by individuals or businesses who are preparing financial statements or reports. It may be required by regulatory bodies, auditors, or tax authorities to provide additional information or explanations regarding specific items in the financial statements. These footnotes help provide transparency, context, and additional details to better understand the financial information presented.
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The 167 fs footnotes refer to the financial statement footnotes that provide additional information to the main financial statements.
Publicly traded companies and certain other entities are required to file 167 fs footnotes as part of their financial reporting obligations.
167 fs footnotes are typically filled out by including relevant information about accounting policies, contingencies, and other financial disclosures that are not included in the main financial statements.
The purpose of 167 fs footnotes is to provide users of the financial statements with additional information that helps them better understand the company's financial position and performance.
Information such as accounting policies, significant accounting estimates, contingencies, related party transactions, and other financial disclosures must be reported on 167 fs footnotes.
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