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COURSE:CERTIFICATE IN BANKING, FINANCE AND CREDITMODULE:Introduction to Financial StatementsMODULE CODE:IS 1000TUTOR/MARKER:N.P. UzeraMODERATOR:Albert M MatongelaASSIGNMENT 04/2020INSTRUCTIONS: ANSWER

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How to fill out introduction to financial statements

01

Start by writing the name of the company at the top of the introduction.

02

Include the date for which the financial statements are prepared.

03

Mention the purpose of the financial statements, whether it is for internal use, external use, or to attract investors.

04

Provide a brief overview of the contents of the financial statements, such as balance sheet, income statement, and cash flow statement.

05

Conclude the introduction with any additional information that may be relevant to the financial statements.

Who needs introduction to financial statements?

01

Business owners and managers who want to understand the financial health of their company.

02

Investors who are considering investing in a company and need to analyze its financial performance.

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Lenders who require financial statements as part of the loan approval process.

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Regulatory bodies that monitor companies' financial reporting to ensure compliance with laws and regulations.

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What is introduction to financial statements?

Introduction to financial statements is a section that provides an overview of the financial position and performance of a company.

Who is required to file introduction to financial statements?

All companies, including publicly traded and privately owned ones, are required to file introduction to financial statements.

How to fill out introduction to financial statements?

Introduction to financial statements should be filled out by summarizing key information such as company background, financial highlights, and key performance indicators.

What is the purpose of introduction to financial statements?

The purpose of introduction to financial statements is to provide stakeholders with a concise summary of the company's financial health and performance.

What information must be reported on introduction to financial statements?

Information such as company background, financial highlights, key performance indicators, and management's discussion and analysis must be reported on introduction to financial statements.

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