* Statement of financial condition
for Aaron and Abigail Jones
The following article is an attempt to develop a statement of financial condition
that combines the best of both the current reporting models and those proposed by GASB.
SOP 82-1 identified two personal financial statements: (1) A Statement of Financial Condition
(SFC), and (2) A Statement of Changes in Net Worth (SCNW).
The use of these forms instead of former Form 433, Statement of Financial Condition
and Other Information, reflects the new Service policy that the investigation of offers is now limited in depth to that required in a normal tax delinquent account investigation The Service is simply attempting to find out the taxpayer's present and potential sources of income and what the taxpayer owns and owes.
Total assets at end-2012 stood at P115.53 billion, based on the bank's latest statement of financial condition
. Deposits amounting to P94.62 billion funded earning assets.
* May 20, 1970: The taxpayers were indicted for violation of 18 USC 1001, for knowingly filing a false statement of financial condition
. The U.S.
The guide requires two significant changes in financial reporting: 1) it does not allow combining of subordinated liabilities (those qualifying as capital in computing net capital requirements) with stockholders' equity in the statement of financial condition
and 2) it requires that delayed delivery transactions be reported in the statement of financial condition
on the settlement (delivery) date instead of the trade date.