Annual accounts

The annual accounts, financial statements or jaarrekening are a set of formal financial documents, describing the financial state of a company or organisation at a specific point in time, covering a specific period of time. Probably the most obvious exmaple: The annual accounts needed for tax submission. Usually, the year that is used for the annual accounts are the same as a calendar year, but this is not always the case.

According to [1], these are the usual documents that together form the annual accounts:

1. Balance sheet; Balans
2. Income statement; P&L statement; winst- & verliesrekening; resultatenrekening
3. Statement of changes in equity (this is new to me)
4. Cash flow statement.

See also

• Balance sheet
• Resultatenrekening

Sources

• https://en.wikipedia.org/wiki/Financial_statement
• https://nl.wikipedia.org/wiki/Jaarrekening