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1 NAME OF RETIREMENT FUND: autoworkers` PROVIDENT FUND FINANCIAL SECTOR CONDUCT AUTHORITY REGISTRATION NUMBER: 12/8/32783/1 FOR THE PERIOD: 1 APRIL 2021 to 31 MARCH 2022CONTENTS SchedulePageSchedulePageARegulatory
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Gather all necessary financial documents such as income statements, balance sheets, and cash flow statements.
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Calculate key financial ratios such as profitability, liquidity, and solvency ratios.
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Annual financial statements are a set of reports that summarize the financial performance and position of a business over a specific period, typically a year. They include the income statement, balance sheet, and cash flow statement.
Generally, publicly-traded companies, certain private companies, and organizations such as non-profits are required to file annual financial statements to comply with regulatory requirements and provide transparency to stakeholders.
Filling out annual financial statements involves gathering financial data, categorizing it according to accounting standards, and compiling it into structured formats for the income statement, balance sheet, and cash flow statement.
The purpose of annual financial statements is to provide stakeholders, such as investors, creditors, and management, with an overview of the company's financial performance and position, aiding in decision-making processes.
Annual financial statements must report information including total revenue, expenses, net profit or loss, assets, liabilities, and equity. They may also include notes explaining accounting policies and other significant events.
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