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Preparing the annual financial statements correctly
Step-by-step guide to preparing a company's annual financial statements
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48165 Münster (Westfalen), North Rhine-Westphalia, Germany
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48268 Greven, Westfalen, North Rhine-Westphalia, Germany
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59929 Brilon, North Rhine-Westphalia, Germany
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81541 München, Bavaria, Germany
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64823 Groß-Umstadt, Hesse, Germany
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76137 Karlsruhe, Baden-Württemberg, Germany
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60313 Frankfurt am Main, Hesse, Germany
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80992 München, Bavaria, Germany
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97320 Mainstockheim, Bavaria, Germany
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73434 Aalen, Baden-Württemberg, Germany
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10435 Berlin, Berlin, Germany
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01159 Dresden, Saxony, Germany
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56068 Koblenz, Rhineland-Palatinate, Germany
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65474 Bischofsheim, Hesse, Germany
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04720 Döbeln, Saxony, Germany
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39112 Magdeburg, Saxony-Anhalt, Germany
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39629 Bismark, Saxony-Anhalt, Germany
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61130 Nidderau, Hesse, Germany
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64401 Groß-Bieberau, Hesse, Germany
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80999 München, Bavaria, Germany
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78467 Konstanz, Baden-Württemberg, Germany
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80634 München, Bavaria, Germany
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39539 Havelberg, Saxony-Anhalt, Germany
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39576 Stendal , Saxony-Anhalt, Germany
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The annual financial statements are an important part of a company's accounting . They provide an overview of the financial situation and business results of a company at the end of a financial year. They usually consist of the balance sheet and the profit and loss account (P&L).
The balance sheet shows the assets and liabilities of a company on a specific date.
It is divided into two pages:
The balance sheet provides an overview of what the company owns and how it has financed it.
Abbreviated as P&L , this is where the income and expenses of a company are compared. This allows the profit or loss of a company to be determined.
The annual financial statements provide a comprehensive overview of the company’s financial situation and its business success in the past year.
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