Accounting an entity’s financial position, financial performance and cash flows so that users of the financial statements can Standards/ make informed isions. The balance sheet must satisfy certain requirements in terms of form and content Although great care has been given to the publication Deloitte S.A. and the authors will take no responsibility for any omissions. Standard annual accounts comprise the balance sheet, the profit-and-loss account and notes to the annual accounts. Eddy R. Termat