Words / S / Business

statutory accounts

noun

C1CEFR level
78/100Rarity: rare
TechnicalRegister

The formal annual financial statements a company is legally required to prepare and file.

Our statutory accounts have to be filed within nine months of the year end or we face a penalty.

Similar: annual accounts, financial statements

Topic: Accounting in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Accounting