The Law on the Annual Account
The annual report:
financial statements
a management report
Financial statements:
a balance sheet
a profit or loss statement
a cash flow statement,
a statement of changes in equity, with explanatory notes as necessary
The Main Policies of The Annual Report :
1) Going-concern assumption — the company will continue as a going concern;
2) Consistent use of the same valuation methods from year to year;
3) Items shall be valued in accordance with the principles of prudence.
…
