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Condensed Interim Consolidated Financial Statements ofPRONTOFORMS CORPORATION For the three and six months ended June 30, 2023, and 2022 (In US dollars) (Unaudited)Notice to Reader The accompanying
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Gather all necessary financial data, including revenues, expenses, assets, and liabilities for the period in question.
02
Prepare financial statements, including a balance sheet, income statement, and cash flow statement.
03
Ensure that the financial statements comply with relevant accounting standards and regulations.
04
Provide notes to the financial statements that explain significant financial events or transactions during the period.
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Unaudited interim condensed consolidated refers to a type of financial statement that provides a summary of a company's financial position, results of operations, and cash flows for a specific interim period, such as a quarter, without requiring an audit by external auditors. These reports are usually less detailed than annual audited statements.
Typically, publicly traded companies, or companies that are required to file with regulatory bodies such as the SEC in the United States, are required to file unaudited interim condensed consolidated financial statements on a quarterly basis.
To fill out unaudited interim condensed consolidated financial statements, a company needs to summarize financial data from its accounting records for the interim period. This involves compiling relevant data, ensuring compliance with applicable accounting standards, and presenting the information in the prescribed format, including the balance sheet, income statement, and cash flow statement.
The purpose of unaudited interim condensed consolidated financial statements is to provide stakeholders, such as investors and creditors, with timely and relevant financial information about a company's performance and financial condition between the annual audits. This helps in making informed decisions.
Unaudited interim condensed consolidated statements should report key financial data such as total revenue, operating income, net income, total assets, total liabilities, and cash flows. They should also include notes that provide context or additional information about significant changes or events occurring during the interim period.
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