Q：
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What is account settlement?
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A：
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The finished financial statements shall be submitted to government in two months after the ending period of that fiscal year. The financial statements is possible to be prolonged finished for another 2 months if necessary and the business report, financial statements shall be recognized by the promoters, partners or shareholders within 6 months after the ending period of fiscal year.
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Q：
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Is all company required to proceed the accounts settlement?
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A：
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All profit-seeking entities are required to proceed the settlement in accordance with Company Act, Business Registration Act, or other registration laws.
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Q：
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Why the proceeding of accounts settlement is necessary?
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A：
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The purpose of accounts settlement aims to make the investors fully understand the current business management status. To companies, the action of accounts settlement is to remove the liabilities for responsible person and chef accountant on the accounting affairs at that fiscal year.
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Q：
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What is accounts settlement statements?
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A：
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The accounts settlement statements is referred to the required statements for companies to generate in each end of fiscal year. These statements are also required to get the approval and recognition from the board of shareholders.
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Q：
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Who is the declaration obligator?
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A：
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The obligator is the responsible person of company by the last day of declaration ending date as stated on the official letter.
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FAQ
