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Highlights
This unit outlines the abilities and information needed to create income reports for organizations not legally obligated to submit said reports to authorities. It pertains to those who gather and organize accounting reports following standard procedures using specialist expertise and systematic procedures. Statutory restrictions apply to work tasks in the occupational fields where this unit may be employed.
A demonstration of the capacity to obtain, evaluate, and compile the necessary accounting transactions for non-reporting organizations includes the ability to: quantify income ratio for cash flow, interaction, and revenue growth; evaluate the importance of those estimations; and organize financial information and thorough declarations outlining a company's financial performance, achievement, and money flow.
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Some companies exempt from filing financial accounts by law are non-banking finance companies, housing finance companies, insurance companies, banking companies, non-profit organizations, and non-designated unlimited companies.
Financial ratios act as an analysis tool. Some of these ratios are profitability, liquidity, solvency, valuation, or multiples.
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