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Alaska Mental Health Trust Authority Class Specifications Class Title: Reports to: Class Range: Last updated:Chief Executive Officer Board of Trustees 28 June 25, 2024Position Description Under general
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Class range refers to the classification of assets, liabilities, or inventory based on their characteristics and the systematic grouping of these items for reporting and analysis.
Businesses and organizations that are required to report their financial statements or tax returns typically need to file class range to classify and report their assets and liabilities.
To fill out class range, organizations need to categorize their assets and liabilities according to established ranges and ensure that each item is classified accurately based on its nature and use.
The purpose of class range is to provide a clear understanding of the organization's financial position by organizing similar items together, which facilitates analysis, reporting, and decision-making.
The information that must be reported on class range includes the type of assets or liabilities, their values, and any relevant classifications that affect their categorization for reporting purposes.
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