The accounting process is subject to a continuous transformation and development process, primarily driven by ongoing internationalization as well as digitization. In this book by Jörg Wöltje, you will learn how to read and understand a financial statement correctly. It explains the fundamental regulations for the annual financial statements of corporations, as well as the elements of accounting, and discusses the various design options and variants of balance sheet policy within the framework of legal possibilities and their impacts. Using a case study based on the values of a real company, a step-by-step analysis of the annual financial statement is conducted. You will learn how to create a structural balance sheet and a structural income statement and become familiar with various key figures for financial and performance-related analysis of annual financial statements.

Contents:

• The annual financial statement in detail – the balance sheet and the income statement
• Notes and management report
• Extended accounting information
• Introduction to balance sheet policy
• Balance sheet policy options in fixed assets and current assets, as well as for deferred taxes
• Provisions
• Result-improving balance sheet policy – balance sheet lifting
• Introduction to annual financial statement analysis
• PLUS concrete balance sheet analysis: the case study of DEUTZ AG for the first time according to BilRUG, annual financial statement analysis using the cost of sales method

New in the 15th edition:

• Changes due to the CSR Directive Implementation Act regarding sustainability reporting in the management report
• Additions in the accounting of lease agreements.