Wähle die Ordner aus, zu welchen Du "Financial reporting" hinzufügen oder entfernen möchtest
What is financial reporting?
financial reporting is how a company communicates about financial information with its stakeholders
accountants are trained communicators in business language
Why do we need financial reporting?
so that we can make decisions based on the financial reports
For example, investors require financial reports to
– make investment decisions; and
– monitor management performance
– good performers (companies, projects, managers, etc.) get more capital investment
Types of financial reporting
Depending on the purpose of reporting:
- External reporting
- Internal/management reporting
- Tax reporting
Depending on accounting practice:
- Cash flow basis
- Accrual basis
Depending on the type of company:
- Corporations (publicly traded vs privately held)
What does financial reporting for public companies?
provides financial information about a company to its external stakeholders (investors, consumers etc.)
Tell me the most typical things about financial reporting?
- typically done periodically
-follows some reporting standards like swiss gaap fer, IFRS etc.
-includes financial statements, annual reports, filings with the governemtn and stock exchange
Which is the regulatory framework in Switzerland?
Schweizerische Obligationenrecht, or Swiss Code of Obligations (SCO), is the fundamental commercial law of Switzerland
The consolidated financial statements can be prepared following IFRS, US GAAP, or Swiss GAAP FER
Publically-traded firms in SIX Swiss Exchange
- must follow IFRS, US GAAP if traded in main standard
- may also follow Swiss GAAP FER if traded in domestic standard
-issued since 1973, most used worldwide by large multinational firms
oldest standard with a history dating back to 1930’s, most complex with dense regulation and stringent enforcement
Schweizerischer Verband der Lehrkräfte für Wirtschaft und Recht
Meine Schule. Meine Zukunft.
Lernkarten für grafische Berufe