¹ Accounting forms the basis for financial reporting. It records the transactions and circumstances that are required to present the asset, financing and earnings position of the undertaking (the economic position).

² It follows the recognised accounting principles. Particular note must be taken of the following:

1.

the complete, truthful and systematic recording of transactions and circumstances;

2.

documentary proof for individual accounting procedures;

3.

clarity;

4.

fitness for purpose given the form and size of the undertaking;

5.

verifiability.

³ An accounting voucher is any written record on paper or in electronic or comparable form that is required to be able to verify the business transaction or the circumstances behind an accounting entry.

⁴ Accounting is carried out in the national currency or in the currency required for business operations.

⁵ It is carried out in one of the official Swiss languages or in English. It may be carried out in writing, electronically or in a comparable manner.