rechnungslegungspflichtig
Translation
subject to accounting obligations, required to prepare financial statements
Examples
Große Kapitalgesellschaften sind rechnungslegungspflichtig.
Large corporations are subject to accounting obligations.
Der kleine Verein ist nicht rechnungslegungspflichtig.
The small association is not subject to accounting obligations.
Grammar Patterns
((subject)) to be subject to accounting obligations Certain companies are subject to accounting obligations.
Similar Words
Synonyms: bilanzierungspflichtig, buchführungspflichtig; Antonyms: nicht rechnungslegungspflichtig
Etymology
A compound word from 'Rechnung' (account/bill), 'Legung' (laying/presentation), and 'pflichtig' (obligatory). It literally means 'accounting-presentation-obligatory'.
Memory Tips
Think of a company having the 'Pflicht' (duty) to 'legen' (lay out) its 'Rechnung' (accounts) for everyone to see.