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Sharing connectionsINTERIM MANAGEMENT REPORT AT MARCH 31, 2023ContentsINTERIM MANAGEMENT REPORT AT MARCH 31, 2023, Corporate Information and Corporate Bodies ___ 5 INUIT Overview ___ 7 Highlights
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Financial statements report on the financial performance and position of an organization, including information on revenue, expenses, assets, liabilities, and equity.
Businesses, including corporations, partnerships, and sole proprietorships, as well as non-profits and government entities, are often required to file financial statements, depending on regulatory requirements and jurisdiction.
To fill out financial statements, gather relevant financial data, classify it into appropriate sections (such as balance sheet, income statement, and cash flow statement), and ensure that the information complies with applicable accounting standards.
The purpose of financial statements is to provide stakeholders, including investors, creditors, and management, with an accurate picture of a company's financial health, facilitating informed decision-making.
Financial statements must report on assets, liabilities, equity, income, expenses, cash flows, and additional notes that provide context and detail about the financial data.
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