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Financial reporting informs stakeholders such as investors and customers about the financial position and earning power of companies, which is essential for their investment decisions. It includes important tools such as cash flow statements and income statements, which provide information on financial risks and company performance.

Provisions reflect future cash outflows without consideration, based on legal or past obligations, the details of which are often uncertain. They are recorded in balance sheets and dissolved when the obligation ceases.

Goodwill is the difference between the purchase price of the company and the value of the net assets, reflecting brand value and expected excess profits. Regulations require goodwill to be capitalized and it can be amortized over its useful life.

Accrual accounting facilitates the implementation of the accrual principle by recording revenues and expenses without direct cash flow. It distinguishes between active and passive accruals, which are resolved in accordance with the accounting period.

Long-term financial liabilities are due over a year and primarily include bonds and secured loans. Their disclosure provides insight into maturities, costs, and collateral.

Proper accounting follows basic principles such as materiality, clarity, and completeness to ensure transparency and comparability. It is essential for the assessment of the economic situation by external recipients.

The initial valuation of inventories takes into account additional costs in addition to the purchase price; the subsequent valuation adjusts the value through principles such as Lifo or Fifo.

The Swiss Startups Awards 2014, supported by AXA Winterthur, Axpo, and PostFinance, awards the best Swiss business ideas with CHF 200,000. The deadline for applications is June 30, award ceremony on October 30 in Zurich.

General terms and conditions facilitate contract processing for young entrepreneurs, especially for mass services. They standardize conditions and avoid individual negotiations.