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NEW YORK JBRAYASSOCIAIIONUN4CIU ST1FMEPTS ND NDFPFNOEN F MJDI1OR S RPO RJ 1 ne3O, 2013\'OW YORK UI3RARYSSOCL%I ION FP\'AN IA! Statements anti INIIEPFDENT AUDITOR\'S REPORT lone 30, 2ft13C ONT NTS
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01
Gather all the necessary financial information, such as income statements, balance sheets, and cash flow statements.
02
Start with the income statement. Write down the total revenue generated by the business during a specific period and subtract the total expenses incurred.
03
Move on to the balance sheet. List all the company's assets, liabilities, and shareholders' equity.
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Calculate the net income by subtracting the total expenses from the total revenue.
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Analyze the cash flow statement to understand the company's cash inflows and outflows.
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Fill in the financial statements with accurate and up-to-date numbers.
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Financial statements - new are formal records of the financial activities and position of a business, person, or other entity.
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Financial statements - new are usually filled out by accountants or finance professionals following standardized formats.
The purpose of financial statements - new is to provide an accurate and comprehensive overview of the financial health and performance of an entity.
Financial statements - new typically include information on assets, liabilities, income, expenses, and equity.
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