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General information i Statement of comprehensive income 1 Statement of financial position 2 Statement of changes in equity 3 Statement of cash flows 4Notes to the Financial Statements1. Corporate
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How to fill out statements - financial reporting

01
Gather all relevant financial data, such as income statements, balance sheets, and cash flow statements.
02
Review the reporting requirements set by accounting standards or regulatory bodies.
03
Identify the specific statements that need to be filled out, such as income statement, balance sheet, and statement of cash flows.
04
Start with the income statement by recording all revenues and expenses for the reporting period.
05
Move on to the balance sheet by listing all assets, liabilities, and equity.
06
Calculate and record the changes in cash and cash equivalents in the statement of cash flows.
07
Ensure all numbers are accurate and reconcile any discrepancies.
08
Prepare supporting documentation, such as receipts and invoices, to validate the reported figures.
09
Review the completed statements for completeness and accuracy.
10
Submit the statements to the relevant parties or authorities as required.

Who needs statements - financial reporting?

01
Companies or organizations that are legally required to comply with accounting and financial reporting standards set by regulatory bodies or government agencies.
02
Investors who rely on accurate financial statements to make informed investment decisions.
03
Lenders or creditors who assess the financial health and creditworthiness of an entity before providing loans or extending credit.
04
Shareholders or owners who need financial statements to evaluate the performance and profitability of their investments.
05
Government agencies or tax authorities that use financial statements for regulatory and tax compliance purposes.
06
Auditors who review and verify the accuracy of financial statements to ensure compliance with accounting standards.
07
Analysts or financial professionals who analyze financial statements to assess the financial position and performance of an entity.

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Statements - financial reporting are formal records that outline the financial activities and position of a business, organization, or individual. They provide an overview of income, expenses, assets, and liabilities over a specific period.
Companies, organizations, and individuals that meet certain financial thresholds or are engaged in specific business activities are required to file financial statements. This typically includes public companies, private companies that meet size criteria, and non-profit organizations.
Filling out statements for financial reporting involves gathering financial data, categorizing it into appropriate sections such as income, expenses, assets, and liabilities, and ensuring compliance with relevant accounting standards. It is often advised to consult with an accountant or financial professional.
The purpose of financial statements is to provide stakeholders, including investors, creditors, and management, with clear and accurate information regarding the financial performance and health of an entity, facilitating informed decision-making.
Financial statements must report information such as the income statement (revenues and expenses), balance sheet (assets, liabilities, and equity), cash flow statement (cash inflows and outflows), and notes providing additional context and details.
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