Swiss GAAP FER governs aspects of accounting and reporting and is geared toward providing a true and fair view of a company’s financial position.
Swiss GAAP FER governs the core aspects of accounting and reporting.
Swiss GAAP FER gives companies a framework for informative financial reporting. The standards are suitable for companies listed in Switzerland, corporate groups with a national presence and SMEs. Swiss GAAP FER has a modular structure (core FER, full Swiss GAAP FER, listed companies), which makes it suitable for companies of different sizes. There are also industry-specific standards governing accounting and reporting for staff pension funds, insurers and not-for-profit organizations. Smaller organizations (total assets up to CHF 10 million, revenue up to CHF 20 million, up to 50 FTEs) may limit themselves to the framework and the six key standards (the ‘core FER’). Larger companies apply all the Swiss GAAP FER standards. Corporate groups are also required to abide by Swiss GAAP FER 30, ‘Consolidated financial statements’, while listed companies have also been obligated to comply with Swiss GAAP FER 31 since 2015.