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Accounting Advisory Services

Accounting Advisory Services

Accounting Advisory Services

How to get in line with the Danish Financial Statements Act and the new IFRS standards – Impact Assessment

The Danish Financial Statements Act will be amended to accommodate IFRS 15 Revenue from Contracts with Customers and IFRS 16 Leasing.

This entails, for example, that Danish entities may present the same figures in their Danish financial statements as in their group reporting to parent companies reporting in accordance with IFRS. The conversion to comply with the new IFRS standards can be made without restating comparative figures and using the transitional provisions in the IFRS standards.

You can find more information about the new standards and our relevant services by clicking on the icons "IFRS 15" and "IFRS 16".

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