All financial statements must include the following (regardless of size)
-
a statement of financial position as of the end of the reporting period (also referred to as a balance sheet)
-
a statement of activities for the reporting period (also referred to as a statement of revenues and expenses)
-
expenses reported by their functional classification in the statement of activities, a statement of functional expenses, or the notes to the financial statements
-
a statement of cash flows for the reporting period
-
accompanying notes to the financial statements
-
a statement that it was prepared by an independent CPA