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Financial Regulations Adopted December 2016 and to be reviewed annually at the AGM Reviewed 14/05/2019 Minute 122/2019TUPTON PARISH COUNCIL FINANCIAL REGULATIONS CONTENTS 1. GENERAL22. ACCOUNTING

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What is a component unit of?

A component unit is a separate entity that is included in the financial statements of another entity.

Who is required to file a component unit of?

The entity that includes the component unit in its financial statements is required to file.

How to fill out a component unit of?

To fill out a component unit, the entity must provide all necessary financial information related to the component unit.

What is the purpose of a component unit of?

The purpose of a component unit is to provide additional financial information to users of the financial statements.

What information must be reported on a component unit of?

Important financial information such as assets, liabilities, revenues, and expenses.

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