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Get the free Calendar Year 2016 Consolidated Fiscal Report (CFR) Training

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NEW YORK STATEAGENCY NAME:AGENCY CODE:SCHEDULE CFR AGENCY IDENTIFICATION AND CERTIFICATION STATEMENT Page TYPE OF OWNERSHIP: NOTFORPROFIT:AGENCY ADDRESS:COUNTY NAME:PROPRIETARY:COUNTY CODE:GOVERNMENTAL:CONSOLIDATED
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Calendar year consolidated fiscal is a year-end financial report that combines the financial information of multiple entities under one consolidated statement.
Companies with multiple entities or subsidiaries that operate under a common control are required to file calendar year consolidated fiscal.
To fill out calendar year consolidated fiscal, companies must gather financial data from each entity, eliminate inter-company transactions, and apply consolidation adjustments.
The purpose of calendar year consolidated fiscal is to present the financial position and performance of a group of entities as if they were a single entity.
Information such as assets, liabilities, equity, income, expenses, and cash flows of the consolidated group must be reported on calendar year consolidated fiscal.
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