Get the free Statements of Net Assets Available for Benefits at December 31, 2013 and 2012

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 205491004FORM 11K (Mark One)/X/Annual Report Pursuant to Section 15(d) of the Securities Exchange Act of 1934 For the fiscal year

How to fill out statements of net assets

How to fill out statements of net assets

1. Gather all relevant financial information and documents, such as balance sheets, income statements, and cash flow statements.
2. Start by calculating the total assets of your organization. This includes both tangible assets (such as buildings, equipment, and inventory) and intangible assets (such as patents or trademarks).
3. Subtract any liabilities from the total assets to determine the net assets. Liabilities may include debts, loans, or other financial obligations.
4. Categorize the net assets into different categories, such as unrestricted net assets, temporarily restricted net assets, and permanently restricted net assets.
5. Provide a detailed breakdown of the net assets in the statements, specifying the amounts in each category and any relevant notes or explanations.
6. Review and verify the accuracy of the statements before finalizing them. Make sure all calculations are correct and all information is properly documented.
7. Once the statements of net assets are completed, they can be presented to stakeholders, such as investors, creditors, or regulatory bodies, to provide a clear overview of the organization's financial position.

Who needs statements of net assets?

1. Statements of net assets are needed by various stakeholders, including:
2. - Investors: They need to assess the financial health and stability of an organization before making investment decisions.
3. - Creditors: They use these statements to evaluate the creditworthiness and repayment capacity of an organization when extending loans or credit.
4. - Regulators: They require organizations to submit statements of net assets to ensure compliance with financial reporting standards and regulations.
5. - Internal management: These statements help managers assess the overall financial performance and make informed decisions regarding resource allocation and strategic planning.
6. - Donors or grantmakers: They need to verify the financial stability and accountability of organizations before providing funding or grants.
7. - Researchers or analysts: They may use statements of net assets for financial analysis, benchmarking, or market research purposes.
8. Overall, statements of net assets are crucial for anyone interested in understanding an organization's financial position, performance, and stability.

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What is statements of net assets?

Statements of net assets are financial documents that provide information about an organization's assets, liabilities, and net assets at a specific point in time.

Who is required to file statements of net assets?

Nonprofit organizations and governmental entities are required to file statements of net assets.

How to fill out statements of net assets?

Statements of net assets can be filled out by gathering information about the organization's assets, liabilities, and net assets, and then organizing this information in a structured format.

What is the purpose of statements of net assets?

The purpose of statements of net assets is to provide stakeholders with an overview of an organization's financial position.

What information must be reported on statements of net assets?

Information such as cash, investments, property, debt, and fund balances must be reported on statements of net assets.