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AlmanacVi llage of Bloomingd aleAUGUST 2009From the Desk ofMayor Bob IdenWe are all aware of the significant financial issues facing all local and state governments. Earlier this year, I reported
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What is communicating financial condition to?
Communicating financial condition is typically done to shareholders, investors, creditors, and other relevant stakeholders.
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Companies, organizations, or individuals who issue publicly traded securities or are required to disclose financial information by regulatory bodies.
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Communicating financial condition can be filled out by providing accurate and detailed financial statements, disclosures, and any other required information in the prescribed format.
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The purpose of communicating financial condition is to provide transparency and insight into the financial health and performance of an entity, allowing stakeholders to make informed decisions.
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Financial statements, balance sheets, income statements, cash flow statements, footnotes, and other relevant disclosures must be reported on communicating financial condition.
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