Changes in accounting under Swiss GAAP FER on the horizon

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In the Swiss accounting standard Swiss GAAP FER, two major changes are upcoming. On one hand, the accounting and reporting of subsidies are to be detailed, and on the other, a revision of the provisions for consolidated financial statements is planned.

Accounting and reporting of subsidies

Many Swiss GAAP FER users benefit from subsidies, grants, and contributions. The openness of the current regulation has led to different treatments of the same in the annual financial statements. To effect an alignment, the existing expert recommendations are to be supplemented and the following points will be more specifically regulated:

Provisions for consolidated financial statements

The Swiss GAAP FER professional committee has decided to revise and adjust the provisions for consolidated financial reporting. The trigger for the planned change is the need to improve the comparability of the statements. A first draft of the planned new regulation might be available in the second half of 2020. The following changes are expected:

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