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Prepare financial statements

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Reference no: EM132926840

Question - Bill Blaze the director of a not for profit aid agency which receives $600m annually from donors remarked: "Why all this stress in preparing financial statements, after all we are not operating to make a profit".

Required - Write a response to the director to highlight why it is important for not for profit organizations to prepare financial statements.

Reference no: EM132926840

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