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STATEMENT OF FINANCIAL INFORMATION THE FISCAL YEAR ENDED MARCH 31, 2019TABLE OF CONTENTSDocuments are arranged in the following order:1. Statement of Financial Information Approval 2. Management Report
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01
Gather all necessary financial documents such as bank statements, tax returns, investment accounts, and any other relevant financial information.
02
List all sources of income including salary, bonuses, investment income, and any other sources of revenue.
03
Detail all expenses including rent/mortgage payments, utilities, insurance payments, and any other regular expenditures.
04
Calculate total assets by adding up the value of all possessions including savings accounts, real estate, vehicles, and investments.
05
Calculate total liabilities by adding up all outstanding debts including mortgages, credit card balances, and loans.
06
Subtract total liabilities from total assets to determine net worth.
07
Organize all information neatly and accurately in the statement of financial information form.

Who needs statement of financial information?

01
Individuals applying for a loan or credit
02
Individuals applying for a mortgage
03
Individuals applying for financial aid or scholarships
04
Individuals going through a divorce or legal proceedings
05
Business owners applying for business loans or partnerships
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The statement of financial information is a document that provides a comprehensive overview of an individual or organization's financial status.
Individuals or organizations that meet certain criteria, such as income level or type of business structure, are required to file a statement of financial information.
To fill out a statement of financial information, one must gather all relevant financial documents and information, then complete the required forms with accurate data.
The purpose of a statement of financial information is to provide transparency and insight into an individual or organization's financial position, helping stakeholders make informed decisions.
Typically, a statement of financial information includes details on assets, liabilities, income, expenses, and other financial data.
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