Buyers and sellers frequently agree that financial information for a business to be sold or transferred must be compiled as of the closing date, i.e. the date of the legal transfer. Often, these must also be audited or reviewed by an auditor. These so-called closing accounts can serve as security for the buyer or other involved parties (e.g. banks), or may be used for determining the final purchase price.
WHICH COMPLEXITY DRIVERS APPLY?
WHAT ARE THE COMPONENTS OF CLOSING ACCOUNTS?
The contracting parties are free to determine the components of the closing accounts. E.g. a balance sheet and/or income statement together or without comparative figures may be prepared. Alternatively, individual balance sheet items or balance sheet summaries can also be compiled.
WHAT SUPPORT DOES AUREN OFFER?