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 31st 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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