{"id":7978,"date":"2026-10-08T16:57:21","date_gmt":"2026-10-08T14:57:21","guid":{"rendered":"https:\/\/www.brasser-accounting.de\/?post_type=glossar&#038;p=7978"},"modified":"2026-10-08T17:18:44","modified_gmt":"2026-10-08T15:18:44","slug":"annual-financial-statements","status":"publish","type":"glossar","link":"https:\/\/www.brasser-accounting.de\/en\/glossar\/jahresabschluss\/","title":{"rendered":"Annual financial statements"},"content":{"rendered":"<section id=\"definition\">\n  <div class=\"snippet info\">\n    <p>The <strong>Annual financial statements<\/strong> is the commercial legal conclusion of a fiscal year. It basically consists of the Balance sheet and profit and loss statement (P&amp;L). In the case of capital companies, an annex is usually also included. It serves to present the economic conditions and results of a company.<\/p>\n  <\/div>\n<\/section>\n\n<section id=\"bedeutung\">\n  <h2>What is a Annual financial statements?<\/h2>\n\n  <p>With them Annual financial statements, the results of Bookkeeping the year end are combined.<\/p>\n\n  <p>It Balance sheet represents assets, liabilities and equity at a specific date. It, on the other hand, profit and loss statement records the revenues and expenses of the fiscal year.<\/p>\n\n  <p>In addition to the ongoing bookings, necessary closing entries and evaluations are also Annual financial statements included.<\/p>\n<\/section>\n\n<section id=\"bestandteile\">\n  <h2>What components are included in the Annual financial statements?<\/h2>\n\n  <p>The basic components include:<\/p>\n\n  <ul>\n    <li><strong>Balance sheet:<\/strong> Presentation of the assets and capital structure as of the reporting Bilanzdate.<\/li>\n    <li><strong>profit and loss statement (P&amp;L):<\/strong> Comparison of revenues and expenses to determine the annual result.<\/li>\n    <li><strong>Appendix:<\/strong> Additional information and explanations, insofar as legally required.<\/li>\n  <\/ul>\n\n  <p>Micro-capital companies may, under certain legal requirements, omit an annex if the necessary information Balance sheet is provided under the annex.<\/p>\n<\/section>\n\n<section id=\"pflicht\">\n  <h2>Who needs to Annual financial statements set one up?<\/h2>\n\n  <p>According to \u00a7 242 German Commercial Code HGB(), merchants are generally required to keep Jahresabschlussrecords, unless a statutory exception applies. Supplementary regulations apply to capital companies pursuant to \u00a7 264 HGB.<\/p>\n\n  <p>Non-accounting-required entrepreneurs can determine their profit under certain conditions through an Cash-basis income statement E\u00dcR(). This is not a commercial law requirement Annual financial statements.<\/p>\n<\/section>\n\n<section id=\"vorbereitung\">\n  <h2>Annual financial statements and Annual financial statementspreparation \u2013 what is the difference?<\/h2>\n\n  <p>The Jahresabschlusspreparation includes, in particular, the coordination of ongoing activities Bookkeeping, the clarification of open positions and the compilation of the necessary Bookkeepingdocuments.<\/p>\n\n  <p>The actual creation of Jahresabschlussthe report also includes the necessary closing entries as well as decision-making regarding Bilanzaccounting and valuation.<\/p>\n<\/section>\n\n<section id=\"finanzbuchhaltung\">\n  <h2>Relationship with the Financial accounting<\/h2>\n\n  <p>Financial accounting A complete and comprehensible data basis for the Annual financial statements.<\/p>\n\n  <p>It Brasser Accounting Solutions GmbH supports companies as <a href=\"https:\/\/www.brasser-accounting.de\/en\/solutions\/financial-accounting\/\">Service provider for ongoing Bookkeeping<\/a> in the organizational Jahresabschlusspreparation. The necessary accounting data and documents are Tax advisor provided in close coordination with the responsible party.<\/p>\n<\/section>\n\n<section id=\"verwandte-begriffe\">\n  <h2>Related terms<\/h2>\n\n  <ul>\n    <li><a href=\"https:\/\/www.brasser-accounting.de\/en\/glossary\/accounting\/\">Accounting<\/a><\/li>\n    <li><a href=\"https:\/\/www.brasser-accounting.de\/en\/glossary\/double-entry-bookkeeping\/\">Double-entry bookkeeping<\/a><\/li>\n    <li><a href=\"https:\/\/www.brasser-accounting.de\/en\/glossary\/trial-balance-susa\/\">Trial balance<\/a><\/li>\n    <li><a href=\"https:\/\/www.brasser-accounting.de\/en\/glossary\/business-management-analysis\/\">management accounts (MANAGEMENT ACCOUNTS)<\/a><\/li>\n  <\/ul>\n<\/section>","protected":false},"template":"","glossar-kategorien":[20],"class_list":["post-7978","glossar","type-glossar","status-publish","hentry","glossar-kategorien-finanzbuchhaltung"],"_links":{"self":[{"href":"https:\/\/www.brasser-accounting.de\/en\/wp-json\/wp\/v2\/glossar\/7978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brasser-accounting.de\/en\/wp-json\/wp\/v2\/glossar"}],"about":[{"href":"https:\/\/www.brasser-accounting.de\/en\/wp-json\/wp\/v2\/types\/glossar"}],"wp:attachment":[{"href":"https:\/\/www.brasser-accounting.de\/en\/wp-json\/wp\/v2\/media?parent=7978"}],"wp:term":[{"taxonomy":"glossar-kategorien","embeddable":true,"href":"https:\/\/www.brasser-accounting.de\/en\/wp-json\/wp\/v2\/glossar-kategorien?post=7978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}