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2020 Semiannual ReportTABLE OF CONTENTS 1Message to Shareholders5 Interim Management Report of Fund Performance 23 Financial Statements 40 Notes to the Condensed Interim Financial Statements 53 Board
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01
Gather financial data for the period to be reported (e.g., revenue, expenses).
02
Ensure that all financial transactions have been recorded in the accounting system.
03
Prepare a trial balance to ensure that debits and credits match.
04
Create an income statement for the interim period, summarizing revenue and expenses.
05
Prepare a balance sheet, listing assets, liabilities, and equity as of the interim date.
06
Draft a cash flow statement to show cash inflows and outflows during the interim period.
07
Review all statements for accuracy and completeness.
08
Ensure compliance with relevant accounting standards and regulations.
09
Present the interim financial statements to management for review and approval.
10
Distribute the approved interim financial statements to stakeholders.

Who needs interim financial statements 30?

01
Publicly traded companies for regulatory compliance.
02
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Interim financial statements are financial reports that cover a specific period of less than one year, typically prepared for internal management purposes and external stakeholders to assess a company's financial performance and position during that period.
Publicly traded companies and certain organizations that are required by regulators or stakeholders to provide periodic financial updates are typically required to file interim financial statements.
To fill out interim financial statements, companies need to gather relevant financial data, including revenues, expenses, and assets from the reporting period, and adhere to the applicable accounting standards and guidelines to accurately present the information.
The purpose of interim financial statements is to provide timely financial information to stakeholders, allowing them to make informed decisions regarding the company's performance and financial health between annual reporting periods.
Interim financial statements typically include a balance sheet, income statement, cash flow statement, and notes providing additional details for recognizing significant events and transactions during the reporting period.
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