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Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form which is easy to understand.
Year-ending (or "12-months-ending") is a 12-month period used for financial and other seasonal reporting. [ 1 ] In the context of finance , "Year-ending" is often provided in monthly financial statements detailing the performance of a business entity . [ 2 ]
In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity.
Small business owners face severe penalties if they don't report to the federal government by year's end. Thousands of businesses may not realize they are subject to a new reporting process ...
The identification of a fiscal year is the calendar year in which it ends; the current fiscal year is often written as "FY25" or "FY2024-25", which began on 1 October and will end on 30 September. In 1843, the federal government changed the fiscal year from a calendar year to one starting on 1 July, [ 68 ] which lasted until 1976.
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The 52–53-week fiscal year (or 4–4–5 calendar) is used by companies that desire that their fiscal year always end on the same day of the week.Any day of the week may be used, and Saturday and Sunday are common because the business may more easily be closed for counting inventory and other end-of-year accounting activities.
SQL Server 2008 and 2012 SSRS can also prepare reports in Microsoft Word (DOC) format, while third-party report generators offer additional output formats. Users can interact with the Report Server web service directly, or instead use Report Manager, a Web-based application that interfaces with the Report Server web service.