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Financial Statements and Federal Single Audit Reportorial Beach School District No. 101 Pacific County the period September 1, 2015, through August 31, 2016Published July 2, 2018, Report No. 1021554Office
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Financial statements are reports that provide information about the financial performance and position of a company. Federal refers to the government of a country.
Publicly traded companies, non-profit organizations, and certain other entities are typically required to file financial statements with the relevant regulatory authorities. The federal government has specific requirements for different types of tax filings.
Financial statements can be prepared by accountants or financial professionals using accounting software. Filing federal tax returns typically requires completing standardized forms provided by the government.
The purpose of financial statements is to provide information to stakeholders about the financial health of a company. Federal filings are used by the government to calculate taxes owed by individuals and businesses.
Financial statements typically include a balance sheet, income statement, and cash flow statement. Federal filings require information on income, deductions, credits, and other tax-related items.
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