Statements of Financial Position (Re: Audited financial statements for 2023)

From: Philippe Cloutier <chealer(at)gmail(dot)com>
To: spi-general(at)lists(dot)spi-inc(dot)org
Subject: Statements of Financial Position (Re: Audited financial statements for 2023)
Date: 2024-11-20 13:45:49
Message-ID: 7c43e443-611d-417b-a7af-b405e00c96ec@gmail.com
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Thank you very much one more time Dr Michlmayr,

I just have a remark about presentation of our Statement of Financial
Position (page 3): I do not know accounting, but find the last line
("Total Liabilities and Net Assets") very confusing. It does not explain
how it differs from Total Assets.

I find the page as a whole arguably misleading for putting more emphasis
on "Total Liabilities and Net Assets" than on Net Assets. I believe the
latter should have *at least* as much emphasis as the former.

I know it is late for such a comment, but I did not see the statements
before they were audited.

Le 2024-11-19 à 21:55, Martin Michlmayr a écrit :
> Audited financial statements for the year 2023 are available now:
> https://spi-inc.org/treasurer/2023-financial-statements.pdf
>
> Form 990 for the year 2023 is also available:
> https://spi-inc.org/treasurer/2023-990.pdf
>
> You can consider the 2023 reports under "Financial reports" at
> https://spi-inc.org/treasurer/
> as final now.
>
> Please let me know of there are any general questions. If there
> are specific questions about your project, please contact
> treasurer(at)spi-inc(dot)org
>
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Philippe Cloutier
https://www.philippecloutier.com

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