
Preparing the annual financial statements correctly
counselor
Step-by-step guide to preparing a company's annual financial statements
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39539 Havelberg, Saxony-Anhalt, Germany
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39576 Stendal , Saxony-Anhalt, Germany
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24113 Molfsee, Schleswig-Holstein, Germany
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04103 Leipzig , Saxony, Germany
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55430 Oberwesel, Rhineland-Palatinate, Germany
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24534 Neumünster, Schleswig-Holstein, Germany
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24558 Henstedt-Ulzburg, Schleswig-Holstein, Germany
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76137 Karlsruhe, Baden-Württemberg, Germany
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39112 Magdeburg, Saxony-Anhalt, Germany
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15907 Lübben, Berlin, Germany
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51469 Bergisch Gladbach , North Rhine-Westphalia, Germany
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20457 Hamburg, Hamburg, Germany
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70173 Stuttgart, Baden-Württemberg, Germany
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66773 Schwalbach, Saarland, Germany
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14467 Potsdam, Brandenburg, Germany
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06869 Coswig (Anhalt), Saxony-Anhalt, Germany
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10629 Berlin, Berlin, Germany
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18057 Rostock, Mecklenburg-Western Pomerania, Germany
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36037 Fulda, Hesse, 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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