HOW TO WRITE AN ANNUAL ACCOUNT REPORT IN AN OFFICE / ESTABLISHMENT

This article is intended for private or office use to report the financial statement of an account to a superior e.g., to a state, local government, political office, private office, companies etc. Please fill free to edit and reconstruct to suite you purpose.

Written by Martins Chima

RESPONSIBILITY FOR FINANCIAL STATEMENTS

            These financial statements have been prepared by the treasurer/finance officer of Afikpo South Development Centre (NAME OF THE OFFICE) in accordance with provision of the finance (control and management) Act 1958 as amended. The financial statements comply with generally accepted accounting practice.

            The treasurer/finance officer is responsible for establishing and maintaining a system of internal controls designed to provide reasonable assurance that the transactions recorded are within statutory authority and properly record the use of all public financial resources by the development centre. To the best of my knowledge, this system of internal controls has operated adequately throughout the reporting period.   

____________________                                       ____________________

       Treasurer/F. O                                                                Date

We accept responsibility for the integrity of these financial statements, the information they contain and their compliance with the financial (control and management) Act 1958 as amended.

In our opinion, these financial statements fairly reflect the financial position of the Development Centre as at 31^st December, 2007 and its operations for the period ended on that date.

____________________  

      Treasurer/F. O                                               

          (name)

____________________

Chairman/ Co-coordinator

          (name)

____________________  

                  Date

NOTES TO THE FINANCIAL STATEMENTS 

Note 1:           Statement of compliance with known accounting standards.

–     Compliance with international and Nigerian standards (IAS & SAS)

–  Compliance with FAAC approved format for preparation and presentation of Local Government Accounts /Dev. Centre

Note 2: Statement of accounting policies adopted in the preparation of accounts 

–      Basis of accounting (Cash basis)

–      Foreign exchange conversion rate

–      Investments (shares and stock stats at cost)

–      Assets and liabilities (state at net value)

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