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A balance sheet is a financial statement that reports a company's assets, liabilities and shareholder equity at a specific point in time. Q: Which items in Form ADV must Exempt Reporting Advisers complete?Financial statements should include a balance sheet, income statement, and statement of cash flows and all relevant notes thereto. LICENSE FEES Fees collected through NMLS are NOT REFUNDABLE OR TRANSFERABLE. Complete IA Money Service License. Project progress reports shall be submitted semi-annual. When do I need to submit my balance sheet by? All balance sheets should be submitted for review 120 days following the firm's fiscal year end. A "net worth" statement or "balance sheet" is designed to provide a picture of the financial soundness of your business at a specific point in time. Grain dealers who file false affidavits under this rule may be prosecuted under Iowa Code section 203.11.