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At the end of a company's fiscal year, financial statements are completed. Financial statements are written reports of an organization's financial status. These reports include the balance sheet, changes to retained earnings, profit and loss statement, cash flows, and other forms of financial analysis that are important to management, stock holders, bankers and investors. These statements consist of account names and amounts taken from accounting records. However, in order to provide a complete and accurate record of a company's financial standing, a section entitled notes to the financial state must be examined. These notes provide an explanation and document certain items which are either presented in the financial statements or affect the financial position and performance of the reporting entity.
Notes should be arranged in the same order as the financial statement captions to which they refer. If notes are presented on a separate page or pages, they should be placed......

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Approximate Word Count: 763
Approximate Pages: 4 (250 words per double-spaced page)

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