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0233 Company Overview34164 Statutory Reports165270 Financial Statements271284 Shareholders\' Referencer165Independent Auditors Report TO THE MEMBERS OF RELIANCE INDUSTRIES LIMITED REPORT ON THE FINANCIAL
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Step 1: Gather all the necessary financial information, including balance sheets, income statements, cash flow statements, and notes to the financial statements.
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Step 2: Ensure that all the financial information is accurate and complete.
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Step 3: Prepare the balance sheet by listing all assets, liabilities, and equity.
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Step 4: Calculate the company's net income or loss for the reporting period and prepare the income statement.
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Step 5: Prepare the cash flow statement by documenting all cash inflows and outflows.
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Step 6: Include any necessary notes to the financial statements, providing additional information and disclosures.
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Step 7: Review and verify the financial statements for accuracy and compliance with relevant accounting standards.
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Step 8: Present the financial statements to stakeholders, such as shareholders, creditors, and regulatory authorities.

Who needs statutory financial statements and?

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Statutory financial statements are required by law for various entities, including:
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- Publicly traded companies
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- Private companies
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- Non-profit organizations
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- Government entities
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- Banks and financial institutions
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These statements are used by investors, creditors, regulatory authorities, and other stakeholders to assess the financial health and performance of an entity.
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Statutory financial statements are the financial reports prepared by a company in accordance with the legal requirements of the jurisdiction in which it operates.
All companies and organizations are required to file statutory financial statements.
Statutory financial statements are typically filled out by accountants or financial professionals using the relevant financial data of the company.
The purpose of statutory financial statements is to provide an accurate and transparent representation of a company's financial position and performance.
Statutory financial statements must include information on the company's assets, liabilities, equity, income, and expenses.
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