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PARTICIPATION HOUSE SUPPORT SERVICES LONDON AND AREA Operating As PASS Medical & Complex Care in CommunityFinancial Statements March 31, 2021PARTICIPATION HOUSE SUPPORT SERVICES LONDON AND AREA Financial
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Financial statements are formal records of the financial activities and position of a business, organization, or individual.
Publicly traded companies, certain private businesses, and nonprofit organizations are typically required to file financial statements.
Financial statements are filled out by gathering financial data, ensuring accuracy, and following the relevant accounting standards such as GAAP or IFRS.
The purpose of financial statements is to provide an overview of financial performance and position to stakeholders, including investors, creditors, and management.
Financial statements must report information such as income, expenses, assets, liabilities, and equity.
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