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SA3E Long Forms form is effective beginning with the January 1 to June 30, 2017, accounting period (2017/1)If you are filing for a prior accounting period, contact the Licensing Division for the correct
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Accounting period 1 refers to the first period of time used for financial reporting, typically spanning a specific number of months.
Companies, organizations, and individuals who are subject to financial reporting requirements are required to file accounting period 1.
To fill out accounting period 1, one must gather financial data, organize it into accounting records, and prepare financial statements following the appropriate accounting standards.
The purpose of accounting period 1 is to accurately capture and report the financial performance and position of an entity for a specific time frame.
Information such as revenues, expenses, assets, liabilities, equity, cash flows, and other relevant financial data must be reported on accounting period 1.
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