Reading Time 3 Minutes
Reading Time 3 Minutes
Created on 02.06.2021
Annual report quiz: test your knowledge.
Every company has to produce annual financial statements. But which companies must also draw up an annual report, what must it contain and for how long must it be kept? Put your knowledge about annual reports to the test.
Score and analysis
7 to 9 points: Congratulations! – you know annual reports inside out.
Question 1: All companies required to keep accounts must publish an annual report
The link will open in a new window More information about the requirement to keep accounts on the SME portal
The link will open in a new window More about the “requirement to draw up an annual report” on the website of Prof. Dr. Hans Ueli Vogt
Question 2: The annual report should present the company’s financial position so that third parties can form a reliable opinion.
The link will open in a new window The legal text on the purpose of financial reporting can be found on Fedlex, the federal law publication platform
Question 3: The annual report must be signed by the chairperson of the most senior supervisory or administrative body and the person responsible for financial reporting within the company.
The link will open in a new window The legal text on the purpose of financial reporting can be found on Fedlex, the federal law publication platform
Question 4: The annual report must always contain the annual financial statements and the management report – the management report only has to be drawn up if the company is subject to regular auditing. Source for the annual financial statements; Source for the management report
The link will open in a new window More information about regular auditing can be found on the SME portal
The link will open in a new window The legal text on the elements of the annual financial statements can be found on Fedlex, the federal law publication platform
The link will open in a new window The legal text on the management report can be found on Fedlex, the federal law publication platform
Question 5: The accounting policy definitely does not belong in the annual financial statements.
Question 6: A corporate governance report provides information on the principles and rules governing the management and supervision of the company.
Question 7: The annual report must be drawn up within six months of the end of the financial year and presented to the body or person responsible for approval.
The link will open in a new window The legal text on the purpose and elements of financial reporting can be found on Fedlex, the federal law publication platform
Question 8: An annual report must be kept for 10 years.
The link will open in a new window The legal text on the keeping and retention of financial accounts can be found on Fedlex, the federal law publication platform
Question 9: Sustainability refers to reports on the company’s commitment to sustainable activities.
Restart
4 to 6 points: You’re no pro, but you’ve got good basic knowledge. You’ll find all the answers at a glance here.
Question 1: All companies required to keep accounts must publish an annual report
The link will open in a new window More information about the requirement to keep accounts on the SME portal
More about the “requirement to draw up an annual report” on the website of Prof. Dr. Hans Ueli Vogt
Question 2: The annual report should present the company’s financial position so that third parties can form a reliable opinion.
The link will open in a new window The legal text on the purpose of financial reporting can be found on Fedlex, the federal law publication platform
Question 3: The annual report must be signed by the chairperson of the most senior supervisory or administrative body and the person responsible for financial reporting within the company.
The link will open in a new window The legal text on the purpose of financial reporting can be found on Fedlex, the federal law publication platform
Question 4: The annual report must always contain the annual financial statements and the management report – the management report only has to be drawn up if the company is subject to regular auditing. Source for the annual financial statements; Source for the management report
The link will open in a new window More information about regular auditing can be found on the SME portal
The link will open in a new window The legal text on the elements of the annual financial statements can be found on Fedlex, the federal law publication platform
The link will open in a new window The legal text on the management report can be found on Fedlex, the federal law publication platform
Question 5: The accounting policy definitely does not belong in the annual financial statements.
Question 6: A corporate governance report provides information on the principles and rules governing the management and supervision of the company.
Question 7: The annual report must be drawn up within six months of the end of the financial year and presented to the body or person responsible for approval.
The link will open in a new window The legal text on the purpose and elements of financial reporting can be found on Fedlex, the federal law publication platform
Question 8: An annual report must be kept for 10 years.
The link will open in a new window The legal text on the keeping and retention of financial accounts can be found on Fedlex, the federal law publication platform
Question 9: Sustainability refers to reports on the company’s commitment to sustainable activities.
Restart
0 to 3 points: You’ve probably got little experience of this topic. But here are the correct answers.
Question 1: All companies required to keep accounts must publish an annual report
The link will open in a new window More information about the requirement to keep accounts on the SME portal
The link will open in a new window More about the “requirement to draw up an annual report” on the website of Prof. Dr. Hans Ueli Vogt
Question 2: The annual report should present the company’s financial position so that third parties can form a reliable opinion.
The link will open in a new window The legal text on the purpose of financial reporting can be found on Fedlex, the federal law publication platform
Question 3: The annual report must be signed by the chairperson of the most senior supervisory or administrative body and the person responsible for financial reporting within the company.
The link will open in a new window The legal text on the purpose of financial reporting can be found on Fedlex, the federal law publication platform
Question 4: The annual report must always contain the annual financial statements and the management report – the management report only has to be drawn up if the company is subject to regular auditing. Source for the annual financial statements; Source for the management report
The link will open in a new window More information about regular auditing can be found on the SME portal
The link will open in a new window The legal text on the elements of the annual financial statements can be found on Fedlex, the federal law publication platform
The link will open in a new window The legal text on the management report can be found on Fedlex, the federal law publication platform
Question 5: The accounting policy definitely does not belong in the annual financial statements.
Question 6: A corporate governance report provides information on the principles and rules governing the management and supervision of the company.
Question 7: The annual report must be drawn up within six months of the end of the financial year and presented to the body or person responsible for approval.
The link will open in a new window The legal text on the purpose and elements of financial reporting can be found on Fedlex, the federal law publication platform
Question 8: An annual report must be kept for 10 years.
The link will open in a new window The legal text on the keeping and retention of financial accounts can be found on Fedlex, the federal law publication platform
Question 9: Sustainability refers to reports on the company’s commitment to sustainable activities.
Restart