annual financial statement / year-end celebration
Loading your saved state.
annual financial statement
The accounting close of a commercial fiscal year, which presents a company's financial position and typically consists of a balance sheet and a profit and loss statement.
Der Wirtschaftsprüfer kontrolliert den Jahresabschluss des Konzerns.
The auditor checks the corporation's annual financial statement.
year-end celebration
An event or celebration that takes place at the end of a calendar year or fiscal year.
Die Firma lud alle Mitarbeiter zum feierlichen Jahresabschluss in ein Restaurant ein.
The company invited all employees to a festive year-end celebration at a restaurant.
The word is made up of 'Jahr' (year), with the linking -s in 'Jahres-', and 'Abschluss' (closing, conclusion). So it literally describes the closing or end of a year.
Der Jahresabschluss markiert das Ende des Geschäftsjahres.
The annual financial statement marks the end of the fiscal year.
You can tell from context whether the financial report or the celebration is meant. Words like 'Bilanz' (balance sheet), 'prüfen' (to audit/check), or 'Unternehmen' (company) point to the financial meaning. Words like 'feiern' (to celebrate), 'einladen' (to invite), or 'Mitarbeiter' (employees) point to the event.
Die Buchhaltung bereitet den Jahresabschluss vor.
The accounting department is preparing the annual financial statement.
In a financial context, 'Jahresabschluss' (annual financial statement) is often combined with certain verbs: 'den Jahresabschluss erstellen' (to prepare the annual financial statement), 'prüfen' (to audit/check), or 'veröffentlichen' (to publish).
Große Firmen müssen ihren Jahresabschluss veröffentlichen.
Large companies must publish their annual financial statements.
In the meaning of the financial report, 'Jahresabschluss' (annual financial statement) is a technical term from business and accounting.
Für den Kredit bei der Bank mussten wir den letzten Jahresabschluss vorlegen.
For the loan from the bank, we had to submit the most recent annual financial statement.
When an event is meant, typical verbs are 'einen Jahresabschluss feiern' (to celebrate a year-end event), 'organisieren' (to organize), or 'zum Jahresabschluss einladen' (to invite someone to a year-end celebration).
Die Abteilungsleiterin organisiert den diesjährigen Jahresabschluss.
The department manager is organizing this year's year-end celebration.
annual report
A Jahresbericht summarizes an organization’s activities, developments, and often its financial results for a year. A Jahresabschluss is specifically the accounting close of the fiscal year, with information such as the balance sheet and profit and loss statement. Jahresbericht is appropriate for a general review, while Jahresabschluss is used for the formal financial presentation.
Der Jahresabschluss zeigt in der Bilanz die finanzielle Lage des Unternehmens.
The annual financial statement shows the company’s financial position in the balance sheet.
Der Jahresbericht beschreibt die neuen Projekte und die Entwicklung des Unternehmens.
The annual report describes the company’s new projects and development.
