Documents that reflect the accounting situation of a company, showing a true and fair view of its assets, financial situation and results of the company. The purpose of this report is, among others, to allow investors and different interested parties to assess whether the company has a solvent economic structure or not, and to give the ability, through the analysis and breakdown of the accounts, to understand how efficient the different parts of the business are in terms of costs and profits.
To understand more about the annual accounts, we should know that they mainly consist of 5 parts; the balance sheet, the income statement, the statement of changes in equity, the cash flow statement and finally the accounting memory.