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NYANDARUA INSTITUTE OF SCIENCE AND TECHNOLOGY TENDER DOCUMENT PROCUREMENT OF SERVICES YEAR 20192020. CLOSING DATE: TUESDAY 11THJUNE 2019AT 10.00A.TENDER NAME: PROVISION OF SANITARY FUMIGATION SERVICES TENDER
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Gather all necessary financial information, including income statements, balance sheets, and cash flow statements.
02
Determine which reporting framework or standard to use (e.g., GAAP or IFRS).
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Identify the specific department responsible for the annual report.
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Assign tasks and responsibilities to team members within the department.
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Prepare the financial statements according to the chosen reporting framework.
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Archive a copy of the annual report for future reference or audit purposes.

Who needs annual report - department?

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Departments within an organization typically need to prepare an annual report. This includes finance, accounting, and executive departments.
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External stakeholders such as investors, creditors, and regulatory bodies may also require the annual report to assess the department's financial health and performance.
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An annual report - department is a document that provides information about the activities, financial performance, and achievements of a specific department within an organization over the course of a year.
The head of the department or the designated departmental administrator is typically required to file the annual report on behalf of the department.
The annual report for a department is usually filled out by compiling relevant information on the department's activities, achievements, financial performance, and goals for the upcoming year.
The purpose of an annual report for a department is to provide stakeholders, such as upper management, employees, and external parties, with a comprehensive overview of the department's operations and performance.
The annual report for a department typically includes information on the department's budget, goals, achievements, projects, initiatives, and any challenges faced during the year.
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