FINANCIAL REPORTING PACKAGE POLICY
Prepared By: ______________
Approved By: ______________
Revision Date: ______________
Effective Date: _____________
To provide a consistent format for required financial information to be reported to Corporate.
Applies to all subsidiary locations with stand-alone data systems or where summary data only is interfaced with the corporate accounting system.
All subsidiary locations are required to provide financial information on a monthly basis to the parent company (Corporate) for management and statutory reporting requirements. The information required is to be provided on a timely basis using a consistent format.
Following is a list of the items required in a complete monthly financial package. These schedules are self-explanatory or where explanation is required it can be found in the report footnotes. The entire package is required to be completed for monthly reporting.
If the requested schedule is not applicable or there has been no reportable activity, submit the schedule with an “N/A” (not applicable printed somewhere in the body of the schedule.