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ABL Financial Planning FundANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2022CONTENTS Vision01Mission & Core Values02Funds Information03Report of the Directors of the Management Company04Fund
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Financial statements are formal records that represent the financial activities and position of a business, organization, or individual at a particular point in time. They include the balance sheet, income statement, statement of cash flows, and statement of changes in equity.
Generally, entities that are publicly traded, large private companies, or those in certain regulated industries are required to file financial statements. Specific requirements may vary based on local laws and organizational guidelines.
To fill out financial statements, start by gathering all relevant financial data, including income, expenses, assets, and liabilities. Use standardized formats and accounting principles such as GAAP or IFRS to ensure accuracy and consistency in reporting.
The purpose of financial statements is to provide stakeholders, including investors, management, and regulators, with an accurate representation of the financial performance and position of an entity, enabling informed decision-making.
Financial statements must report information such as revenue, expenses, profits or losses, assets, liabilities, and equity. Additional notes may provide context or details on financial policies and practices.
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