Sunday, March 4, 2007
Sunday, February 18, 2007
✧ Mεlαniε ✧
Le imprese che hanno l'obbligo delle scritture contabili at the end of the year must submit
financial statements, an accounting document that represents the financial position, and the economic result of a business. The Civil Code that only the prescriptive criteria
- Principle of business continuity
- It takes into account the economic function that the object of property held in the company.
- accrual income must be determined "economically" by the costs and revenues for the year, regardless of their financial event.
- The principle of separate assessment
The individual items in the outline of the budget must evaluate each item separately according to the criterion eligible.
- Principle of consistent assessment criteria
The evaluation criteria should be the same from year to year to ensure the comparability of financial statements over time, except in exceptional circumstances .
THE STRUCTURE OF THE FINANCIAL STATEMENTSIn the Company of the capital budget for the year is divided into three parts:
-Balance Sheet: which highlights the assets at the end of accounting period.
-The income statement: shows the formation for the financial statements. - The notes:
complete and describes the information provided by the balance sheet and income statement.The financial statements shall be accompanied by documents such as:
- Annual Report which illustrate the course directors and the company's situation.
-Report of the supervisory board if any.
- Report of the auditor or auditors appointed by audit.
If the company owns shares in subsidiaries and associated companies, the budget must be attached
:- The last full copies of the budget controlled
- A statement summarizing the essential data of the last budget of the companies affiliated
- The consolidated financial statements with the related reportsIf the information contained in the budget are not considered sufficient, companies are required to provide additional information
:
- The financial statements
- The statement of changes in shareholders' Net