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Your duty at the end
of the fiscal year
The annual accounts are one of the most comprehensive services of an accountant and tax consultant. Constantly new decrees and legal regulations increase complexity. The scope and alignment of the assignment is, therefore, of particular importance.
The annual financial statements include the preparation of a commercial and, if applicable, a separate tax balance sheet. This also includes the explanation of recognition and valuation options and their alternatives as a basis for the taxation of a company.
For corporations, the annual financial statements must include explanatory notes. Medium-sized and large corporations must also prepare a management report. In addition, the annual financial statements must be published in the electronic Federal Gazette and submitted to important external recipients (banks, shareholders, tax authorities). The annual financial statements must also include advice on the minimum information that has to be disclosed. Moreover, the preparation of consolidated financial statements, interim financial statements or other tax-relevant calculations, such as special and supplementary balance sheets, may be part of the assignment.
When preparing annual financial statements, the auditors of SHWP always apply the regulations of the relevant professional standard of the Institute of Certified Public Accountants in Germany (IDW S7). The preparation of annual financial statements is based on certified software (DATEV). Complying with statutory requirements, financial statements prepared by SHWP will be retained for ten years.
SHWP offer various services when preparing annual financial statements:
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Without assessments
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With plausibility assessments
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With comprehensive assessments