Wednesday, April 16, 2014

Financial Statements


Financial statement in relation to a company to include:

  • a balance sheet as at the end of the FY;
  • a profit and loss account / an income and expenditure account for the FY;
  • cash flow statement for the FY;
  • a statement of changes in equity, if applicable &
  • any explanatory note annexed to, or forming part of, any document referred to above.

Exceptions: For One Person Company (OPC), small company and dormant company cash flow statement excluded

Responsibility of CFO to maintain financial 
statements

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