Accounting

Accounting Standards Board (BFN)

Redovisningsrådet (RR)

Förvaltningsberättelse

Income Statement

Note

Generally accepted accounting principles

GAAP is a standard that records required to comply. A frequently used definition is taken from the legislative history of the Swedish Accounting: “an actual business practice of a qualitatively representative circuit records required.”

What is the generally accepted accounting principles may vary between different industries and depending on their size. Management can be found in laws that Act and [...]

Rules for accounting

The basis of all accounting is that it should be in accordance with generally accepted accounting principles. This means that based on the laws that apply the accounting standards issued by the standard setting organizations that exist in the accounting field.

FAR SRS

Revisorernas branschorganisation FAR SRS, och tidigare föregångaren Föreningen Auktoriserade Revisorer (FAR), har en redovisningskommité som utkommit med redovisningsrekommendationer. Sedan Redovisningsrådet tillkom har FAR och FAR SRS framförallt utgjort remissinstans för redovisningsfrågor och inte utkommit med egna rekommendationer.

US GAAP

U.S. GAAP or the U.S. General Accepted Accounting Principles is good accounting practice for companies in the U.S.. Reporting under U.S. GAAP is not allowed for a legal accounts in Sweden. Many Swedish companies produce, however, in addition to financial statements prepared in accordance with generally accepted accounting principles in Sweden alternative U.S. GAAP financial statements for reporting to U.S. holders or to publish [...]

IFRS

IFRS or International Financial Reporting Standards is an international framework which is then 2005 be applied by all Swedish companies listed on stock exchange. Regulatory framework is also used by other companies which are subsidiaries of listed companies in Sweden or abroad or by companies that want a quality of its accounting records that are comparable with listed [...]