The annual financial statements are the most important means of providing information on the current financial position and earnings power of a company. They must provide a true and fair view of the economic situation of the company. Find out here what you need to bear in mind when preparing the annual financial statements.
According to the Swiss Code of Obligations, Swiss companies are obliged to book income and expenses in the financial year in which they are actually incurred. This is the only way to provide a true and fair view of the company's financial position and results of operations, and to make it possible to compare different financial years.
