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Financial Statements and Report of Independent Certified Public Accountants Aztec Shops, Ltd. (a Component Unit of San Diego State University)June 30, 2016 and 2015Aztec Shops, Ltd.ContentsPage Report

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What is financial statement?

A financial statement is a formal record of the financial activities and position of a business, organization, or individual. It includes reports like the balance sheet, income statement, and cash flow statement.

Who is required to file financial statement?

Businesses, organizations, and individuals who meet specific regulatory requirements or thresholds are required to file financial statements. This typically includes publicly traded companies and certain private companies, non-profits, and trusts.

How to fill out financial statement?

To fill out a financial statement, gather all relevant financial data, categorize income, expenses, and assets, ensure accuracy in figures, follow the required format, and include necessary disclosures before submitting.

What is the purpose of financial statement?

The purpose of financial statements is to provide an overview of a company’s financial performance, position, and cash flow, aiding stakeholders in decision-making, investment analysis, and compliance with regulations.

What information must be reported on financial statement?

Financial statements must report information including assets, liabilities, equity, revenue, expenses, gains, and losses, along with disclosures regarding accounting policies and any contingencies.

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