Inhouse – Finance Committee – Part 1

Function and status of the finance committee

• Formation of the finance committee according to Section § 106 (1) BetrVG
• Requirements for the establishment of the finance committee
• Appointing and legal status of the members of the finance committee
• Cooperation with the works council, general works council and supervisory board
• Consultation of experts

Information to the finance committee by the employer

• Concept of “economic matters”
• Documents to be submitted
• Timeliness and scope of information to the finance committee
• Developing a list of questions for the discussion with the employer
• Solutions to improve the flow of information
• Behaviour in the event of a dispute over the obligation to provide information
• Settlement procedure in the event of disputes
• Enforcing the provision of information

Overview of business accounting

• External accounting systems: Accounting
• Intern accounting systems: Cost and Performance accounting
• Planning accounting: Investment and financial planning

Annual Financial Statements and Annual Report

• Legal basis
• Contents, structure and valuation of the balance sheet
• Profit and loss account
• Auditor´s report

Preparation of annual financial statements (balance sheet policy)

• Objectives and instruments
• Accounting: Scopes and options
• Scope for valuation

Detailed practical examples and exercises