årsregnskabsbestemmelser

Årsregnskabsbestemmelser refers to the legal and regulatory provisions governing the preparation and presentation of annual financial statements in Denmark. These provisions are primarily outlined in the Danish Financial Statements Act (Årsregnskabsloven). The purpose of these rules is to ensure that financial statements provide a true and fair view of a company's financial position and performance, enabling stakeholders such as investors, creditors, and authorities to make informed decisions.

The Årsregnskabsloven dictates the accounting principles that must be followed, including the accrual basis of accounting and the principle of prudence. It specifies the required content and structure of financial statements, which typically include the balance sheet, income statement, cash flow statement, and notes to the accounts. Different categories of companies, based on size (e.g., micro, small, medium, and large entities), have varying reporting requirements, with smaller companies generally facing less stringent obligations.

Furthermore, årsregnskabsbestemmelser address aspects like the valuation of assets and liabilities, recognition of revenue and expenses, and disclosure of specific information in the notes. Auditing requirements also form part of these provisions, mandating an independent audit for certain companies to verify the accuracy and compliance of the financial statements. The overarching goal is to promote transparency and comparability in financial reporting.