www.ni-con.de/en/tax-consultancy/annual-financial-statements/index.php

How to get in touch

NICKEL

Certified accountant

Tax advisor

 

NICON GmbH

Accountancy firm

 

Alfredstraße 163

45131 Essen

Tel.: +49 201 437 09 60
Fax: +49 201 421 234
Mail: info@ni-con.de

Annual-financial-statements

Under German commercial law, companies which are obliged to observe sound accounting practice are required to draw up annual financial statements with a balance sheet and a profit and loss account. Cash basis accounting is sufficient for small companies and freelancers. The annual financial statement drawn up under German commercial law is intended to provide owners, lenders and other interested groups with the most realistic possible picture of the company. In accordance with the principle of commercial prudence, upper limits apply when valuing asset items.

In drawing up annual financial statements, we work closely together with our clients. The basis for our work is provided by Standard S 7, "Principles for drawing up annual financial statements", of the Institute of Certified Public Accountants and the "Statements of the German Federal Chamber of Certified Tax Advisors on the principles for drawing up annual financial statements." We draw up annual financial statements according to three different models, depending on the scope of our mandate:

  • Preparation of annual financial statement without appraisals
  • Preparation of annual financial statement with plausibility appraisals
  • Preparation of annual financial statement with comprehensive appraisals

Banks also attach great importance to a carefully prepared annual financial statement with plausibility appraisals which complies with all the technical requirements. While correct and trustworthy financial figures provide an essential basis for decisions on loans, they are not sufficient on their own. A convincing presentation of the annual financial statements, planning and investment projects is equally important. Our tax consultants are able to support you here. Communicating with banks is one of our core strengths.

Interested? We look forward to hearing from you.

 

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NICKEL | Wirtschaftsprüfer, Steuerberater l Alfredstraße 163 l 45131 Essen

NICON GmbH | Wirtschaftsprüfungsgesellschaft l Alfredstraße 163 l 45131 Essen