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Financial Statements New Zealand International Commercial Pilot Academy Limited For the year ended 30 June 2021 Prepared by PDF Doyle and Associates The Accountants Contents 3Directory4Statutory Information6Statement

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What is financial statements - for?

Financial statements are used to provide a snapshot of a company's financial performance and position at a specific point in time.

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Businesses, corporations, non-profit organizations, and other entities are typically required by law to file financial statements with regulatory authorities.

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Financial statements can be prepared by gathering relevant financial data, organizing it into the proper format (balance sheet, income statement, cash flow statement), and ensuring accuracy and completeness.

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The purpose of financial statements is to provide important financial information to stakeholders such as investors, creditors, and government agencies to aid in decision-making and assessment of the entity's financial health.

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Financial statements typically include information on assets, liabilities, equity, revenue, expenses, and cash flows of an entity.

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