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___Gladioli Scholarship Fund IncorporatedAnnual Financial Report 31 December 2022 ___Tel: +61 2 9251 4100 Fax: +61 2 9240 9821 www.bdo.com.auLevel 11, 1 Margaret St Sydney NSW 2000 AustraliaINDEPENDENT
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Gather all necessary financial documents including income statements, balance sheets, and tax returns.
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Calculate total income earned during the fiscal year.
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Calculate total expenses incurred during the fiscal year.
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Businesses and organizations that need to report their financial activities for a specific period of time.
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Fiscal year is a 12-month period that a company uses for accounting purposes.
All companies, organizations, and individuals who earn income are required to file a fiscal year.
Filing a fiscal year involves compiling financial data, completing forms, and submitting them to the relevant tax authorities.
The purpose of a fiscal year is to track and report financial activities for tax and accounting purposes.
Information such as income, expenses, assets, liabilities, and taxes must be reported on a fiscal year.
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