Publications

	Table of Contents
p. 90 of 203 BACK | NEXT Foreword 1. Introduction to the Guidelines 2. User Instructions 3. Preparing and Appraising Investment Project 4. Financial Management of Executing Agencies 5. Reporting and Auditing 5.1. Financial Reporting and Auditing Overview 5.2. Accounting Standards and Policies 5.3. Financial Reporting 5.3.1. Introduction 5.3.2. Content and Timing of Financial Reporting 5.3.3. Accounting Statements and Financial Reports 5.3.4. Interim Financial Statements and the Project Management Report 5.3.5. Audited Project Financial Statements 5.3.6. Annual Financial Statements for a Non-Revenue-Earning Project 5.3.7. Annual Financial Statements for Revenue-Earning Projects and EAs 5.3.8. Supplementary Financial Statements 5.3.9. Designing Financial Reports for Revenue-Earning Projects 5.3.10. Designing Financial Reports for Non-Revenue-Earning Projects 5.3.11. Examples of Model Financial Statements 5.4. Auditing Standards and Auditor Engagement 5.5. Reviewing Financial Reports 5.6. Reviewing Auditors' Reports 6. Financial Institutions 7. Knowledge Management

Financial Management and Analysis of Projects : 5. Reporting and Auditing : 5.3. Financial Reporting

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5.3.6. Annual Financial Statements for a Non-Revenue-Earning Project

5.3.6.1. Annual financial statements should be prepared by an EA in respect of a project only particularly where the project is nonrevenue-earning and is implemented by organizations of national, provincial, state, or regional and/or local governments. Financial transactions relating to the EA may be included as line items in project income and expenses.

5.3.6.2. The statements may take the following forms and may be produced in the local budgetary and accounting formats for the project and, where applicable, for the EA concerned:

• Statement of Income (or Cash Receipts),
• Statement of Expenses (or Cash Payments), and
• Notes to the Financial Statements.

Back 5.3.5. Audited Project Financial Statements	Next 5.3.7. Annual Financial Statements for Revenue-Earning Projects and EAs