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NOTICE TO:ALL NONSTICK CORPORATIONS WITH TOTAL ASSETS OR TOTAL LIABILITIES OF LESS THAN PHP 600,000.00SUBJECT:USE OF UNAUDITED FINANCIAL STATEMENTS TEMPLATES FOR NONSTICK CORPORATIONS WITH TOTAL ASSETS
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01
Gather all relevant financial documents such as income statements, balance sheets, and cash flow statements.
02
Review the financial documents carefully to understand the financial health of the company.
03
Analyze the financial data to make informed decisions or for reporting purposes.
04
Fill out the unaudited financial statements with the information obtained from the financial documents.
05
Double-check the filled out unaudited financial statements for accuracy and completeness before using them.

Who needs use of unaudited financial?

01
Small businesses that do not have the resources to conduct a full audit of their financial statements.
02
Startups that need to track their financial performance but do not have audited financial statements.
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Unaudited financial statements are financial reports that have not been reviewed or verified by an independent auditor. They are often used for internal management purposes, preliminary assessments, or regulatory compliance where a formal audit is not required.
Typically, small businesses, sole proprietorships, and certain corporations may be required to file unaudited financial statements, especially if they are below certain revenue thresholds or are not publicly traded.
To fill out unaudited financial statements, provide relevant financial information such as balance sheet items, income statement figures, cash flow details, and any necessary notes. Ensure accuracy and that all relevant data is included.
The purpose of unaudited financial statements is to provide stakeholders a view of the company's financial position, help in management decision-making, assist in securing financing, and meet regulatory requirements without the need for a full audit.
Unaudited financial statements typically include the balance sheet, income statement, cash flow statement, and notes that detail significant accounting policies and any relevant disclosures.
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