Preparation of Annual Financial Statements

The preparation of annual financial statements for our clients is of course also a component of our range of services. Apart from the audit activities we take into account the fiscal optimisation by the creation of reserves and the exercise of options in respect of capitalisation, accruals and valuation.

Equally important, however, is the complete structure of the annual financial statements with regard to commercial law, setting forth the contingencies, the statements in the notes and the examination of the going concern prognosis.

In an event of crisis we also point out insolvency facts and render advice as to how these can be overcome.

The annual financial statements are in themselves only restrictedly meaningful. We therefore as a rule prepare a report on our work and give explanations on the individual balance sheet or profit and loss positions. Towards banks, such report - which also contains information on our audit activities - is indispensable for a good rating and thus for favourable loan conditions.

It goes without saying that for our foreign clients we also prepare annual financial statements in the English language.