What exactly are "annual accounts"? What information
must they contain? Are there rules for the preparation of annual
accounts? These and similar questions are often asked by companies,
especially when they are new to the market.
With annual accounts, also referred to as the annual financial
statements, the bookkeeping closes the respective business year.
The results show how the company is doing financially, and whether
the company was successful in this financial year. Also, the
composition of business assets is presented in the annual financial
statements. Accounting for the past year is not possible without
the financial statements.
The contents of the annual financial statements include the
reconciled accounts, the compilation of supporting documents, as
well as the audit, confirmation, and publication. For the manager,
the annual financial statements are a tool for determining the
business' financial position, the profits/losses and the cash
flow over the
