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Industrial production companies


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

corporations. Sole proprietorships and partnerships must comply with personal, for the preparation of the assessment criteria provided for limited liability companies.

In the Company of the capital budget is:

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tool of communication to outside stakeholders (shareholders, banks, etc. ..)

General principle (art. 2423 CC) the budget must be written with clarity

and must be so true and correct

the assets and the company's financial and economic result.

The basis of preparation are:

- Principle of prudence

gains are excluded as expected and indicate only profits made at the end of the year, taking into account the risks and losses taken into view until after the close.




- 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 STATEMENTS

In 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 reports

If 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