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City of East Ethel City Council Agenda Regular Council Meeting 7:30 p.m. Date: March 19, 2014, Item 7:30 PM1.0Call to Order7:31 PM2.0Pledge of Allegiance7:32 PM3.0Adopt Agenda7:34 PM4.0Special Presentation
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Step 1: Gather all the necessary financial documents such as bank statements, income statements, balance sheets, and any other relevant financial data.
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Step 2: Review and ensure that all financial transactions are accurately recorded.
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Step 3: Calculate and analyze key financial ratios such as profitability, liquidity, and solvency ratios.
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Step 4: Prepare the financial statements including the income statement, balance sheet, and cash flow statement.
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Step 5: Disclose any relevant accounting policies and notes to the financial statements.
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Step 6: Review and cross-check the financial statements for accuracy and consistency.
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Step 7: Obtain necessary approvals and signatures.
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Step 8: Submit the completed annual financial report to the relevant regulatory bodies or stakeholders.

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An annual financial report is a comprehensive document that provides detailed information about a company's financial performance during the fiscal year.
Publicly traded companies, non-profit organizations, and certain government entities are required to file annual financial reports.
Annual financial reports are typically filled out by the company's finance department or by external auditors who review the company's financial records.
The purpose of an annual financial report is to provide shareholders, investors, and other stakeholders with information about a company's financial health and performance.
Annual financial reports typically include a balance sheet, income statement, cash flow statement, and notes to the financial statements.
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