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EXPLANATION OF SIGNIFICANT DIFFERENCES TO THE RECORDS OF DECISIONOPERABLE UNIT 4 FIRE FIGHTING TRAINING REFORMER NAVAL AIR STATION SOUTH WEYMOUTH, MASSACHUSETTS BRAD PMO EAST U.S. NAVYNavai Facilities
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Start by clearly stating the subject or item for which you are providing an explanation of significant differences.
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Provide a brief summary of the original information or report that you are comparing against.
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Identify the specific areas where the significant differences occur and provide a detailed description of each difference.
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Include any relevant supporting evidence or documentation to justify and explain the differences.
05
Analyze the impact and implications of the significant differences and explain how they may affect the overall understanding or interpretation of the subject or item.
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What is explanation of significant differences?
Explanation of significant differences (ESD) is a statement that explains material discrepancies between actual and expected results in financial statements.
Who is required to file explanation of significant differences?
Entities that prepare financial statements in accordance with accounting standards are required to file explanation of significant differences (ESD).
How to fill out explanation of significant differences?
Explanation of significant differences should be filled out by providing detailed explanations of material discrepancies between actual and expected results in financial statements.
What is the purpose of explanation of significant differences?
The purpose of explanation of significant differences is to provide transparency and clarity regarding the reasons for material discrepancies in financial statements.
What information must be reported on explanation of significant differences?
Information such as reasons for discrepancies, impact on financial statements, corrective actions taken, and any other relevant details must be reported on explanation of significant differences.
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